CANADA STOCKS-Canadian stocks set to open little changed
June 17 (Reuters) - Canadian stocks looked set to open little changed on Tuesday with June futures on the S&P TSX index <0#SXF:> up 0.01 percent at 0715 ET.
The index rose to within 80 points of its record high on Monday as positive investor sentiment spurred gains in its heavyweight financial and energy sectors.
There is no release of economic data scheduled for Tuesday.
Dow Jones Industrial Average e-mini futures were up 0.07 percent at 0715 ET, while S&P 500 e-mini futures were up 0.05 percent. Nasdaq 100 e-mini futures were up 0.12 percent.
Canadian economists are not too concerned about low inflation, Finance Minister Joe Oliver said after meeting several of them on Monday, sending a different message than the one sounded recently by Bank of Canada Governor Stephen Poloz. The minister also expressed willingness to consider a recommendation that mortgage insurance cover only part of the losses from a default by the borrower.
Potash Corp of Saskatchewan said on Monday it will rescind layoff notices affecting 50 workers at its Penobsquis, New Brunswick, facility due to tight conditions in the granular potash market.
Bombardier Inc said on Monday that it has laid off more than 100 staff and let go 110 contract workers in the United States and Mexico owing to delays in the flight test program for its all-new Learjet 85 business jet. Continued...