CANADA STOCKS-Futures higher ahead of Bank of Canada announcement
Dec 2 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Wednesday ahead of a Bank of Canada policy announcement on interest rates.
The central bank is widely expected to hold rates at 0.50 percent. The announcement is due at 10:00 a.m. ET (1500 GMT).
The central bank has cut rates twice this year to offset the shock to the economy from a drop in oil prices.
December futures on the S&P TSX index were up 0.26 percent at 7:15 a.m. ET.
Canada's main stock index rallied on Tuesday to its highest closing level in nearly four weeks, led by financials following stronger-than-expected earnings for two of the country's main banks, while resource stocks also gained.
Dow Jones Industrial Average e-mini futures were up 0.04 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.05 percent and Nasdaq 100 e-mini futures were up 0.19 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)
Royal Bank of Canada reported an 11 percent rise in fourth-quarter profit that topped market expectations, driven by gains at its personal, commercial banking and capital markets businesses. Continued...