Futures turn lower as economy contracts in first quarter

(Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Friday after data showed the economy contracted in the first quarter. Canada's gross domestic product contracted by an annualized rate of 0.6 percent in the first quarter after growing by 2.2 percent in the fourth quarter, Statistics Canada said on Friday. Analysts on average had expected the economy to grow at an annualized pace of 0.3 percent. It was the first negative growth in real GDP since the sec