CANADA STOCKS-TSX set to open higher, Yellen speech awaited
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.
Valeant Pharmaceuticals International Inc received a joint takeover offer from Japan's Takeda Pharmaceutical Co Ltd and TPG Capital Management LP this spring that the embattled Canadian drugmaker rejected, according to a source familiar with the matter. Continued...