CANADA STOCKS-Futures lower ahead of Bank of Canada's rate decision

Wed Dec 7, 2016 7:40am EST
 
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Dec 7 (Reuters) - Stock futures pointed to a slightly lower opening for Canada's main index on Wednesday as investors awaited the Bank of Canada's decision on interest rates.

The central bank is widely expected to hold interest rates at 0.50 percent, but investors will look to the policy statement to gauge the impact of U.S. President-elect Donald Trump's proposed policies on the Canadian economy.

December futures on the S&P TSX index were down 0.04 percent at 7:35 a.m. ET.

Canada's benchmark stock index climbed to its highest close in 18 months on Tuesday as Bank of Montreal led financial shares higher on a strong earnings report, adding momentum to a month-long sector rally sparked by higher bond yields.

Dow Jones Industrial Average e-mini futures were up 0.06 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.01 percent and Nasdaq 100 e-mini futures were up 0.02 percent.

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

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