CANADA STOCKS-Futures rise tracking world stocks amid Fed limbo

Tue Aug 23, 2016 7:30am EDT
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Aug 23 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Tuesday, tracking world markets, as investors await further clues on whether the U.S. Federal Reserve will raise interest rates this year.

Fed Chair Janet Yellen is expected to provide more clarity on the timing of a rate hike during the annual meeting of global central bankers in Jackson Hole, Wyoming. The meet starts on Thursday and Yellen is due to speak on Friday.

September futures on the S&P TSX index were up 0.14 percent at 7:15 a.m. ET.

Canada's main stock index rose on Monday as Alimentation Couche-Tard Inc jumped after the convenience store operator bought a U.S. chain in an expansion move and drugmaker Valeant Pharmaceuticals rose after it hired a new chief financial officer.

Dow Jones Industrial Average e-mini futures were up 0.24 percent at 7:15 a.m. ET. S&P 500 e-mini futures were up 0.24 percent and Nasdaq 100 e-mini futures were up 0.26 percent.

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Three Canadian pension funds agreed to sell their stakes in Canada's biggest stock exchange operator TMX Group Ltd for a combined value of about C$312 million.