CANADA STOCKS-TSX futures indicate higher open on China optimism

Fri Mar 28, 2014 7:34am EDT
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March 28 (Reuters) - Canadian stocks are likely to open higher on Friday, supported by reports that China could fast-track infrastructure spending to boost its economy. No major Canadian data is scheduled.

June futures on the S&P TSX index <0#SXF:> were up 0.22 percent at 0715 ET.

The index ended little changed on Thursday after worries about the Ukraine crisis overshadowed data that showed stronger-than-expected U.S. economic growth and a drop in new applications for unemployment benefits.

Dow Jones industrial average futures were up 0.26 percent at 0715 ET, S&P 500 futures were up 0.27 percent and Nasdaq 100 futures were up 0.40 percent.

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BlackBerry Ltd reported a fourth-quarter loss of $423 million, or 80 cents per share, compared with a year-earlier profit of $98 million, or 19 cents per share, as smartphone sales continued to slide.

BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, posted a quarterly net loss, mainly due to higher expenses.

The Ontario Securities Commission is pushing for an amendment to the Criminal Code that would allow investigators to use wiretaps to investigate insider trading.   Continued...