CANADA STOCKS-Futures higher ahead of inflation, retail data

Fri Mar 18, 2016 7:41am EDT
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March 18 (Reuters) - Futures pointed to a slightly higher opening for Canadian stocks on Friday ahead of the annual inflation and January retail data.

Canada's annual inflation rate is expected to have cooled to 1.5 percent, pulling away from the Bank of Canada's 2 percent target and giving the central bank room to remain accommodative.

Data on Canadian retail sales in January will show how consumers held up at the beginning of the year. Sales are expected to have risen 0.6 percent, after a slump in December.

Inflation and retail sales data are due at 8:30 a.m. ET

June futures on the S&P TSX index were up 0.18 percent at 7:40 a.m. ET.

Canada's main stock index rose to a four-month high on Thursday as higher oil prices supported energy stocks, while the financial and industrial sectors also gained.

Dow Jones Industrial Average e-mini futures were up 0.27 percent at 7:40 a.m. ET, while S&P 500 e-mini futures were up 0.28 percent and Nasdaq 100 e-mini futures were up 0.23 percent.

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