CANADA STOCKS-Futures point to a lower start to the week

Mon Oct 27, 2014 7:27am EDT
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Oct 27 - Stock futures pointed to a lower opening for Canada's main stock index on Monday, with December futures on the S&P TSX index down 0.13 percent at 7.15 a.m. ET.

No major Canadian economic events are scheduled.

The Toronto Stock Exchange's S&P/TSX composite index recorded its biggest weekly gain in more than a year on Friday, led by a jump in shares of Agrium Inc after an activist investor revealed early in the day it has taken a stake in the company.

Dow Jones Industrial Average e-mini futures were down 0.05 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were down 0.11 percent and Nasdaq 100 e-mini futures were down 0.02 percent.

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Precision Drilling Corp, Canada's largest oil and natural gas drilling contractor, reported a better-than-expected 79 percent jump in quarterly profit, helped by higher pricing and drilling activity.

Oil explorer Ophir Energy has agreed to buy interests in seven deepwater production-sharing contracts in Indonesia from Niko Resources, building on Ophir's foray into the south-east Asian market.   Continued...