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TSX May Open Lower; Earnings In Focus

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Canada's benchmark index looked set to open lower on Thursday, as indicated by slipping March stock futures, with markets keeping an eye on Canadian corporate earnings.

Stock futures for the March quarter on the S&P TSX index were down 0.02% recently.

Bombardier (BBD-B.TO) Thursday reported wider-than-expected losses for Q4 while reaffirming its guidance for the year. Meanwhile, Encana (ECA.TO) reported above-forecast Q4 earnings and said its 2017 capital program is expected to be between $1.6 billion and $1.8 billion, which should support targeted production of 320,000 BOE/d and 330,000 BOE/d.

The TSX hit record highs on Wednesday, led by healthcare, telecom, and financials.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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