CANADA STOCKS-TSX set to open higher; factory sales beat estimates

Fri Feb 13, 2015 8:51am EST
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(Adds econ data and TransCanada results)

Feb 13 (Reuters) - Canada's main stock index was poised for a higher start on Friday as the country's factory sales in December came higher than analysts' expectations.

March futures on the S&P TSX index were up 0.36 percent at 8.30 a.m. ET.

Canadian factory sales in December rose by a higher-than-expected 1.7 percent from November as a drop in the sale of petroleum and coal products was offset by gains in transportation equipment, machinery and food sales, Statistics Canada data indicated.

Big insurers weighed on Canada's main stock index on Thursday, but major banks and blue-chip energy companies pushed the market higher as crude oil prices rallied.

Dow Jones Industrial Average e-mini futures were up 0.24 percent at 8.30 a.m. ET on Friday, while S&P 500 e-mini futures were up 0.19 percent and Nasdaq 100 e-mini futures were up 0.21 percent. (Morning News Call newsletter; The Day Ahead newsletter


TransCanada Corp, Canada's second-largest pipeline company, reported a 9 percent rise in quarterly profit, helped by higher earnings from its Canadian pipelines such as Canadian Mainline.   Continued...