June 12, 2014 / 11:44 AM / 5 years ago

TSX futures indicate stocks to open little changed

A sign displaying TSX information is seen in Toronto November 20, 2008. REUTERS/Mark Blinch

(Reuters) - Canadian stocks looked set to open little changed on Thursday, a day after the World Bank trimmed its global growth forecast.

June futures on the S&P TSX index were up 0.04 percent at 0715 ET.

New Housing Price Index and capacity utilization data are due at 0830 ET

The TSX index was little changed on Wednesday as higher commodity prices helped bolster the natural resource sectors, offsetting negative sentiment fueled by a sluggish outlook for the global economy.

Dow Jones Industrial Average e-mini futures were up 0.05 percent at 0715 ET, S&P 500 e-mini futures were up 0.03 percent and Nasdaq 100 e-mini futures were up 0.04 percent.


BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a 9 percent rise in quarterly profit due to a foreign exchange gain on long-term debt and lower tax expenses.

Canadian Agriculture Minister Gerry Ritz lashed out at the United States for acting like a “schoolyard bully” on trade issues, and said he saw more promise in negotiating a bilateral deal with Japan than the more ambitious Trans-Pacific Partnership.

Reporting by Nikhil Kumar in Bangalore; Editing by Kirti Pandey

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