CANADA STOCKS-TSX set to open higher, Yellen speech awaited

Fri May 27, 2016 7:39am EDT
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May 27 (Reuters) - Canada's main stock index was set to open slightly higher on Friday ahead of a speech by U.S. Federal Reserve Chair Janet Yellen, who is expected to provide clues on the timing of the next interest rate hike.

June futures on the S&P TSX index were up 0.23 percent at 7:15 a.m. ET.

No major economic events are scheduled for the day.

Canada's benchmark stock index edged slightly lower on Thursday as resource stocks fell due to a decline in oil and gold prices.

Dow Jones Industrial Average e-mini futures were up 0.11 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.11 percent and Nasdaq 100 e-mini futures were up 0.20 percent.

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