CANADA STOCKS-TSX set to open lower as crude declines

Thu Feb 19, 2015 7:32am EST
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Feb 19 (Reuters) - Canadian stocks were set to open lower on Thursday after a sharp fall in crude prices.

March futures on the S&P TSX index were down 0.1 percent at 7:15 a.m. ET.

No major economic events are scheduled.

Canada's main stock index slipped on Wednesday, its first decline in six sessions, as shares of oil and gas companies were weighed down by the stalling momentum of a recent rally in the price of oil.

Dow Jones Industrial Average e-mini futures were down 0.08 percent at 7:15 a.m. ET on Thursday and S&P 500 e-mini futures were down 0.13 percent, while Nasdaq 100 e-mini futures were up 0.1 percent. (Morning News Call newsletter; The Day Ahead newsletter


Barrick Gold Corp said on Wednesday it will sell its Porgera mine in Papua New Guinea and its Cowal mine in Australia to help reduce net debt by at least $3 billion by year-end, giving investors a long-awaited glimpse into its strategy.

Protracted contract talks between Canadian National Railway Co and the union that represents 4,800 of its mechanical, clerical and intermodal staff are at an impasse, and the union says it is considering a strike vote.

COMMODITIES AT 7:15 a.m. ET   Continued...