CANADA STOCKS-TSX set to open lower as oil prices drop
Feb 4 (Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Wednesday as oil prices declined after rising in the past few days.
March futures on the S&P TSX index were down 0.10 percent at 7.15 a.m. ET.
Ivey PMI data for January is due at 10.00 a.m. ET.
Canada's main stock index rose more than 1 percent to its highest level in more than two months on Tuesday as rallying oil prices benefited from a weaker U.S. dollar, sending energy shares higher.
Dow Jones Industrial Average e-mini futures were down 0.15 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were down 0.32 percent and Nasdaq 100 e-mini futures were down 0.31 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
Intact Financial Corp, Canada's largest property and casualty insurer, reported a near-doubling in quarterly profit, boosted by strong growth in underwriting income.
Canadian financial services holding company Fairfax Financial Holdings Ltd said on Tuesday it had agreed to acquire the Ukrainian insurance operations of Australia's QBE Insurance Group, expanding its presence in Eastern Europe. Continued...