June 17, 2016 / 12:58 PM / a year ago

CANADA STOCKS-Futures rise as annual inflation cools in May

2 Min Read

(Updates with economic data)

June 17 (Reuters) - Canada's Stock futures rose on Friday after data showed annual inflation rate cooled in May on cheaper gasoline and a slowdown in price increases for food.

The annual rate declined to 1.5 percent from April's 1.7 percent, data from Statistics Canada showed, falling a tad short of economists' expectations for 1.6 percent.

September futures on the S&P TSX index were up 0.34 percent at 8:40 a.m. ET.

Canada's main stock index fell on Thursday as energy and mining stocks dragged due to lower oil prices and a reversal in bullion following the suspension of campaigning for Britain's European Union referendum after a lawmaker was shot dead.

Dow Jones Industrial Average e-mini futures were down 0.01 percent at 8:40 a.m. ET, while S&P 500 e-mini futures were down 0.12 percent and Nasdaq 100 e-mini futures were down 0.07 percent.

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

Top Stories

Saskatchewan is considering whether to end a review of its potash royalty system, the economy minister of the Canadian province said, as producers of the crop nutrient struggle with low prices.


Gold futures : $1,290.20; -0.46 pct

US crude : $47.26; +2.27 pct

Brent crude : $48.45; +2.67 pct

LME 3-month copper : $4,558.00; +0.51 pct

Analyst Research Highlights

Gran Tierra Energy Inc : Canaccord Genuity raises target to C$5 from C$4.50

West Fraser Timber Co Ltd : RBC cuts target price to C$40 from C$54

u.s. Economic Data Due on Friday

1030 ECRI Weekly Index: Prior 137.3

1030 ECRI weekly annualized: Prior 6.5 pct

For Canadian Markets News, Click on Codes:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1= C$1.29) (Reporting by Riniki Sanyal in Bengaluru; Editing by Anil D'Silva)

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