CANADA STOCKS-Futures indicate higher start after BoJ stimulus boost

Fri Oct 31, 2014 8:58am EDT
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(Updates with U.S. and Canadian economic data)

Oct 31 - Stock futures pointed to a higher start for Canada's main stock index on Friday after the Bank of Japan surprised financial markets by significantly expanding its massive stimulus program.

The BoJ board voted to accelerate purchases of Japanese government bonds while tripling purchases of exchange-traded funds and real-estate investment trusts.

December futures on the S&P TSX index were up 0.66 percent at 8.45 a.m. ET.

Canadian GDP data for August released on Friday had little impact. A drop in oil and gas output affected by maintenance, combined with a fall in manufacturing, helped push the Canadian economy to its first decline since December.

The Toronto Stock Exchange's S&P/TSX composite index fell on Thursday as shares of gold miners tumbled after the companies reported disappointing quarterly results and positive U.S. economic data hurt bullion prices.

Dow Jones Industrial Average e-mini futures were up 0.99 percent at 8.45 a.m. ET, while S&P 500 e-mini futures were up 1.01 percent and Nasdaq 100 e-mini futures were up 1.45 percent.

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