CANADA STOCKS-Futures point to lower start for TSX

Wed Feb 25, 2015 7:31am EST
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Feb 25 (Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Wednesday, a day after weaker-than-expected quarterly earnings from Bank of Montreal dragged down the index.

March futures on the S&P TSX index were down 0.24 percent at 7:15 a.m. ET.

No major economic events are scheduled for the day.

Canada's main stock index fell on Tuesday as a decline in oil and gas shares and a drop in Bank of Montreal offset optimism spurred by comments by U.S. Federal Reserve Chair Janet Yellen on monetary policy direction.

Dow Jones Industrial Average e-mini futures were down 0.05 percent at 7:15 a.m. ET on Wednesday, S&P 500 e-mini futures were down 0.15 percent and Nasdaq 100 e-mini futures were down 0.19 percent.

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Royal Bank of Canada, the country's biggest lender, said quarterly net profit jumped 17 percent, helped by gains in its personal and commercial banking and capital markets businesses.   Continued...