CANADA STOCKS-TSX futures little changed after CPI and retail data

Fri Mar 21, 2014 8:56am EDT
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(Updates after CPI and retail sales data)

March 21 (Reuters) - Stock futures on Canada's main stock index were little changed on Friday after data showed higher-than-expected retail sales and a slower rate of annual inflation.

June futures on the S&P TSX index <0#SXF:> were up 0.17 percent at 0845 ET, slightly below their level before the data.

Retail trade in January rose by a higher-than-expected 1.3 percent from December, partially recovering from the extreme weather-related decline the previous month.

Annual inflation eased to 1.1 percent in February from a 1-1/2-year high of 1.5 percent in January, but above the average market forecast of a 0.9 percent.

Banks led stocks higher on Thursday as investors bet on higher U.S. interest rates and a continuing recovery in the U.S. economy. In her first press conference as chair of the Federal Reserve, Janet Yellen on Wednesday indicated that the first increase in rates could come in the first half of next year.

Dow Jones industrial average futures were up 0.31 percent At 0830 ET, S&P 500 futures were up 0.23 percent and Nasdaq 100 futures were up 0.26 percent.

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