CANADA STOCKS--TSX futures indicate higher start

Tue Feb 3, 2015 7:22am EST
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Feb 3 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Tuesday as oil prices continued their upward trend after gaining more than 11 percent in the prior two sessions.

March futures on the S&P TSX index were up 0.92 percent at 7.15 a.m. ET.

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

Canada's main stock index ended about 1.6 percent higher on Monday as oil prices jumped on hopes that they might be nearing a bottom, sending shares of energy producers sharply higher.

Dow Jones Industrial Average e-mini futures were down 0.2 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were up 0.34 percent and Nasdaq 100 e-mini futures were down 0.11 percent. (Morning News Call newsletter; The Day Ahead newsletter


Canadian Foreign Minister John Baird is unexpectedly set to resign from the federal cabinet this week amid what sources said had been tensions with the prime minister's office.

The premier of Canada's vast mineral-rich Arctic territory of Nunavut, Peter Taptuna, on Monday played down the idea of tax breaks to combat a slide in commodity prices, saying investors instead wanted more infrastructure.   Continued...