CANADA STOCKS-Futures indicate higher start; Fed in focus

Wed Jan 28, 2015 7:28am EST
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Jan 28 (Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Wednesday ahead of the U.S. Federal Reserve's statement, in which it is expected to signal it remains on track to begin raising interest rates later this year.

March futures on the S&P TSX index were up 0.20 percent at 7.15 a.m. ET.

No major economic data is due on Wednesday.

Canada's main stock index extended gains to a fifth straight session on Tuesday as weakness in the U.S. dollar helped drive up prices of commodities such as oil and gold, boosting shares of natural resource producers.

Dow Jones Industrial Average e-mini futures were down 0.11 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were up 0.16 percent and Nasdaq 100 e-mini futures were up 0.96 percent. (Morning News Call newsletter; The Day Ahead newsletter


Cenovus Energy Inc, Canada's No. 2 independent oil producer, cut its capital spending budget for 2015 in response to the slump in crude oil prices.

Canada's Bombardier Inc expects to receive safety certification from China for its high-speed trains as early as next month, providing a springboard for more orders, the firm's top executive in the country said.   Continued...