CANADA STOCKS-Futures point to a lower start; focus on Fed statement

Wed Oct 29, 2014 7:25am EDT
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Oct 29 - Stock futures pointed to a lower opening for Canada's main stock index on Wednesday as investors await guidance from the U.S. Federal Reserve when it wraps up a two-day policy meeting later in the day.

December futures on the S&P TSX index were down 0.05 percent at 7.15 a.m. ET.

Producer prices data is due at 8.30 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index rose more than 1 percent on Tuesday, with higher crude and other commodity prices helping boost energy and mining companies as investors returned to buying after a sharp sell-off in recent weeks.

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 0.18 percent and Nasdaq 100 e-mini futures were down 0.25 percent.

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Miner Teck Resources Ltd reported a 68.5 percent drop in quarterly earnings, hurt by lower prices for steelmaking coal and a fall in copper production.   Continued...