CANADA STOCKS-Futures rise ahead of data on inflation, retail sales

Fri Jul 22, 2016 7:30am EDT
 
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July 22 (Reuters) - Canada's main stock index futures pointed to a higher start on Friday ahead of the release of data on inflation and retail sales.

Canada's annual inflation rate is expected to have dropped to 1.4 percent in June from 1.5 percent in May, while core inflation rate is seen falling to 2.0 percent from 2.1 percent.

Retail sales are expected to have stayed flat in May after rising 0.9 percent in April.

Statistics Canada is scheduled to release the data at 8:30 a.m. ET.

September futures on the S&P TSX index were up 0.27 percent at 7:15 a.m. ET.

Canada's main stock index rose to an 11-month high on Thursday as mining stocks rallied and strong earnings reports boosted the shares of Rogers Communications Inc and Encana Corp.

Dow Jones Industrial Average e-mini futures were up 0.18 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.21 percent and Nasdaq 100 e-mini futures were up 0.17 percent.

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

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