CANADA STOCKS-Futures slightly lower ahead of Fed outlook

Wed Mar 16, 2016 7:25am EDT
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March 16 (Reuters) - Stock futures pointed to a slightly lower opening for Canada's main stock index on Wednesday ahead of the outcome of the U.S. Federal Reserve's policy meeting.

The U.S. Federal Reserve is expected to hold interest rates steady as it balances continued concerns about the health of the global economy with fresh signs that domestic inflation is starting to rear its head.

March futures on the S&P TSX index were down 0.03 percent at 7:15 a.m. ET.

Manufacturing sales and foreign securities data is due at 8:30 a.m. ET

Canada's main stock index fell on Tuesday as Valeant Pharmaceuticals International Inc tanked, overshadowing gains for gold miners and financials.

Dow Jones Industrial Average e-mini futures were up 0.01 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.01 percent and Nasdaq 100 e-mini futures were up 0.05 percent.

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