CANADA STOCKS-Futures indicate lower open for Canadian stocks

Thu Jul 31, 2014 8:48am EDT
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(Adds Canadian and U.S. economic data)

July 31 (Reuters) - Canadian stocks looked set to open lower on Thursday, even as data showed economy grew at a better-than-expected pace in May.

September futures on the S&P TSX index <0#SXF:> were down 0.32 percent at 0845 ET.

The Canadian economy expanded for the fifth consecutive month in May, growing 0.4 percent from April, Statistics Canada data indicated.

The TSX index closed at a record high on Wednesday, boosted by positive U.S. economic data and comments by the Federal Reserve on the outlook for monetary policy.

Dow Jones Industrial Average e-mini futures were down 0.67 percent at 0845 ET, while S&P 500 e-mini futures were down 0.73 percent. Nasdaq 100 e-mini futures were down 0.77 percent.

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