CANADA STOCKS-TSX poised to open higher ahead of inflation data
Oct 16 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday, with December futures on the S&P TSX index up 1.04 percent at 0720 ET.
Inflation data is due at 0830 ET.
The Toronto Stock Exchange 300 Composite Index jumped on Thursday as positive U.S. economic data helped ease concerns about global growth, boosting shares in most major sectors.
Dow Jones Industrial Average e-mini futures were up 1.13 percent at 0720 ET on Friday, S&P 500 e-mini futures were up 1.36 percent and Nasdaq 100 e-mini futures were up 1.46 percent.
Canadian factory sales fell by a greater-than-expected 3.3 percent in August from July's record level, marking the first fall of the year and the steepest drop since May 2009, according to Statistics Canada data on Thursday.
Billionaire investor William Ackman turned up the heat on Allergan Inc. on Thursday when he accused the Botox maker's board of misleading investors to fend off a hostile takeover bid from Valeant Pharmaceuticals Inc. Continued...