CANADA STOCKS-TSX set to open higher as inflation eases

Fri Dec 19, 2014 8:58am EST
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(Updates with inflation and retail sales data)

Dec 19 (Reuters) - Stock futures pointed to a higher start for Canada's main stock index on Friday after data showed annual inflation rate cooled in November, aligning with Bank of Canada's targeted level, as gasoline prices fell.

The annualized inflation rate eased to 2.0 percent in November from 2.4 percent in October, according to data released by Statistics Canada. Economists had expected 2.2 percent.

December futures on the S&P TSX index were up 0.29 percent at 8.45 a.m. ET.

Canadian retail sales were unchanged in October, holding at a record high as gains in most sectors were offset by declines at motor vehicle and parts dealers, data from Statistics Canada showed.

Canada's main stock index rose on Thursday, with energy stocks bucking weak oil prices as investors returned to riskier assets after an upbeat assessment of the U.S. economy by the Federal Reserve.

Dow Jones Industrial Average e-mini futures were up 0.16 percent at 8.45 a.m. ET, while S&P 500 e-mini futures were up 0.06 percent and Nasdaq 100 e-mini futures were up 0.28 percent. (Morning News Call newsletter; The Day Ahead newsletter

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