CANADA STOCKS-Futures higher ahead of BoC rate decision

Wed Jul 13, 2016 7:40am EDT
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July 13 (Reuters) - Futures pointed to a higher start for Canada's main stock index on Wednesday ahead of the Bank of Canada's quarterly monetary policy report.

The Bank of Canada is expected to keep interest rates unchanged as prices for oil, a major export, are yet to recover and there are risks to global economic growth after Britain's shock vote to leave the European Union, according to a Reuters poll.

Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins will hold a press conference after the release of the monetary policy report.

September futures on the S&P TSX index were up 0.13 percent at 7:25 a.m. ET.

Thomson Reuters/Ipsos Primary Consumer Sentiment Index is due at 11:00 a.m. ET.

Canada's main stock index notched its highest close in almost a year on Tuesday as shares of oil and gas producers surged along with crude prices and banking and industrial stocks.

Dow Jones Industrial Average e-mini futures were up 0.04 percent at 7:25 a.m. ET, while S&P 500 e-mini futures were up 0.06 percent and Nasdaq 100 e-mini futures were up 0.14 percent.

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