July 29, 2014 / 11:29 AM / 5 years ago

TSX futures indicate modestly higher open

A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. REUTERS/Mark Blinch

(Reuters) - Canadian stocks looked set to open modestly higher on Tuesday, with September futures on the S&P TSX index up 0.1 percent at 0715 ET.

The index was little changed on Monday as a decline in shares of energy producers, as oil prices dropped, neutralized strength in mining shares.

Dow Jones Industrial Average e-mini futures were up 0.12 percent at 0715 ET, while S&P 500 e-mini futures were up 0.09 percent. Nasdaq 100 e-mini futures were up 0.13 percent.

No major Canadian economic data is due for release on Tuesday.


Talisman Energy Inc TLM.TO, which has been approached by Spain’s Repsol SA (REP.MC) for talks over a potential deal, reported a 4 percent rise in second-quarter revenue, helped by an increase in North American drilling.

WestJet Airlines Ltd (WJA.TO) posted a bigger-than-expected quarterly profit as higher ticket prices and fees helped it offset steeper fuel costs and a weaker Canadian dollar.

Fortis Inc (FTS.TO) is pushing ahead with a C$400 million expansion of its Tilbury liquefied natural gas plant in British Columbia, as the gas distributor looks to meet growing domestic demand for the super-chilled fuel.

($1= $1.08 Canadian)

Reporting by Mononshila Deka in Bangalore

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