CANADA STOCKS-TSX set to open lower on dismal Chinese trade data

Mon Feb 9, 2015 7:35am EST
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Feb 9 (Reuters) - Stock futures pointed to a lower opening for Canada's main stock index on Monday after Chinese trade data showed exports and imports tumbled more than expected.

March futures on the S&P TSX index were down 0.36 percent at 7:15 a.m. ET.

Canadian housing starts data is due at 8:15 a.m. ET.

Canada's main stock index fell on Friday as strong U.S. jobs data increased investor worries that the U.S. Federal Reserve will raise interest rates, sending the bullion price and shares of gold miners sharply lower.

Dow Jones Industrial Average e-mini futures were down 0.56 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.6 percent and Nasdaq 100 e-mini futures were down 0.54 percent. (Morning News Call newsletter; The Day Ahead newsletter


Gran Tierra Energy Inc, a Canadian oil and gas producer, more than halved its 2015 capex budget and cut its production forecast for the year following the sharp decline in oil prices.

Canadian Finance Minister Joe Oliver called on Monday for compromise over Greece's debt, telling Reuters that while Athens must not make a wholesale repudiation of its debt, its creditors also needed to work with it to arrive at a compromise solution.

Cameco Corp reported on Friday a 14 percent increase in quarterly earnings, helped by a 6 percent rise in average realized uranium prices.   Continued...