CANADA STOCKS-Futures point to flat start for Canadian stocks

Thu Jun 19, 2014 7:21am EDT
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June 19 (Reuters) - Canadian stocks looked set to open flat on Thursday, with June futures on the S&P TSX index <0#SXF:> up 0.01 percent at 0715 ET.

The index reached its highest level in six years on Wednesday and came within striking distance of its all-time high after the U.S. Federal Reserve shed some light on its plans to raise interest rates.

No major Canadian economic data is scheduled for release on Thursday.

Dow Jones Industrial Average e-mini futures were up 0.01 percent at 0715 ET, while S&P 500 e-mini futures were down 0.01 percent. Nasdaq 100 e-mini futures were up 0.07 percent.

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BlackBerry Ltd reported a narrower than expected adjusted loss even as revenue fell in the midst of the troubled smartphone maker's turnaround push.

Enbridge Inc said on Wednesday its CFO, Richard Bird, would retire at year end. It also said that its plan to replace the Line 3 oil pipeline carrying Alberta crude oil to the United States will be more expensive than originally estimated, pegging the cost at C$7.5 billion.

Quebecor Inc would consider buying small rivals to become a national wireless carrier that reaches most Canadians, its new CEO said on Wednesday.   Continued...