CANADA STOCKS-TSX set to open flat as futures pare gains after inflation data

Fri Sep 19, 2014 8:55am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(Adds Canada inflation and wholesale trade data)

Sept 19 (Reuters) - Stock futures pointed to a flat open for Canadian main stock index on Friday as the country's annual inflation rate remained steady in August.

December futures on the S&P TSX index <0#SXF:> were up 0.06 percent 0851 ET, down from before the inflation data released.

The country's annual inflation rate held steady at 2.1 percent in August, with higher shelter costs, specifically natural gas, accounting for much of the change, Statistics Canada said on Friday.

The value of Canadian wholesale sales in July unexpectedly dropped by 0.3 percent from June, pulled down in part by lower sales of agricultural supplies, Statistics Canada data indicated on Friday.

Canada's main stock index ended little changed on Thursday as a drop in shares of gold miners amid weakness in the price of bullion was offset by a jump in TransCanada Corp.

Dow Jones Industrial Average e-mini futures were up 0.47 percent at 0851 ET, while S&P 500 e-mini futures were up 0.37 percent. Nasdaq 100 e-mini futures were up 0.35 percent. (Morning News Call newsletter; The Day Ahead newsletter

TOP STORIES   Continued...