CANADA STOCKS-Futures rise as Fed meeting awaited

Tue Dec 13, 2016 7:48am EST
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Dec 13 (Reuters) - Canada stock futures pointed to a higher opening for the main stock index on Tuesday, ahead of the U.S. Federal Reserve's two-day meeting that starts later in the day.

The Fed is widely expected to raise interest rates, with investors looking for clues on the central bank's thinking on further hikes in 2017.

December futures on the S&P TSX index were up 0.42 percent at 7:15 a.m. ET.

Canada's main stock index ended slightly lower on Monday, breaking a six-day rally, as railway stocks weighed and an early jump in energy stocks lost steam.

Dow Jones Industrial Average e-mini futures were up 0.34 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.27 percent and Nasdaq 100 e-mini futures were up 0.33 percent.

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