CANADA STOCKS-TSX rises after retail sales, inflation data

Fri Mar 18, 2016 9:06am EDT
 
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(Updates with economic data)

March 18 (Reuters) - Canadian stock futures added to gains on Friday, after data showed higher-than-expected retail sales and slowing annual inflation.

Data from Statistics Canada showed annual inflation was 1.4 percent in February, modestly exceeding analysts' expectations for a pullback to 1.5 percent from January's 2.0 percent.

Separately, data from Statistics Canada showed that Canadian retail sales rose far more than expected in January, boosted by motor vehicle purchases and a rebound in a number of sectors that slumped at the end of last year.

Sales rose 2.1 percent, topping analysts' expectations for a gain of 0.6 percent.

June futures on the S&P TSX index were up 0.29 percent at 8:45 a.m. ET.

Canada's main stock index rose to a four-month high on Thursday as higher oil prices supported energy stocks, while the financial and industrial sectors also gained.

Dow Jones Industrial Average e-mini futures were up 0.26 percent at 8:45 a.m. ET, while S&P 500 e-mini futures were up 0.28 percent and Nasdaq 100 e-mini futures were up 0.21 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)   Continued...