CANADA STOCKS-Futures down as investors cautious after broad selloff
Sept 14 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Wednesday as investors remained cautious, a day after the index closed at its lowest in more than two months.
Canadian stocks fell on Tuesday as oil prices weighed on energy shares and heavyweight banking and mining stocks also lost ground amidst a broad retreat.
Carolyn Wilkins, senior deputy governor at the Bank of Canada, added to the caution by saying that the reduced potential for global economic growth and resultant lower neutral interest rates could pose risks for financial stability.
September futures on the S&P TSX index were down 0.11 percent at 7:15 a.m. ET.
Dow Jones Industrial Average e-mini futures were up 0.11 percent at 7:15 a.m. ET. S&P 500 e-mini futures were up 0.14 percent and Nasdaq 100 e-mini futures were up 0.22 percent.
Canada's Liberal government on Tuesday expressed confidence it could appoint new panel members to assess TransCanada Corp's Energy East pipeline, even though industry observers say it might be hard to find qualified candidates. Continued...