CANADA STOCKS-Futures flat ahead of housing data

Thu Dec 8, 2016 7:25am EST
 
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Dec 8 (Reuters) - Stock futures pointed to flat opening for Canada's main index on Thursday, a day after the index jumped to a 19-month high, as investors awaited October housing starts data.

Analysts will look at October's new housing price index to see if the government's new mortgage regulations that came into effect in October had any impact on prices, particularly in hot markets such as Toronto. The new housing prices likely added 0.2 percent in October.

Housing starts data is due at 8:15 a.m. ET and building permits data, new housing price index is scheduled for release at 8:30 a.m. ET.

December futures on the S&P TSX index were down 0.09 percent at 7:15 a.m. ET.

Canada's benchmark stock index rose on Wednesday as gains for sectors that benefit most from stronger economic growth offset a drop in energy shares prompted by lower oil prices.

Dow Jones Industrial Average e-mini futures were up 0.04 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.04 percent and Nasdaq 100 e-mini futures were up 0.07 percent. (Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

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