CANADA STOCKS--TSX futures point higher ahead of inflation data

Thu Feb 26, 2015 7:40am EST
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Feb 26 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Thursday ahead of the country's inflation data.

March futures on the S&P TSX index were up 0.29 percent at 7:15 a.m. ET.

CPI inflation data for January is due at 08:30 a.m. ET .

Canada's main stock index gained on Wednesday as Hudson's Bay Co surged on a plan to carve out its real estate assets and banking stocks rose after Royal Bank of Canada and National Bank of Canada posted solid earnings.

Dow Jones Industrial Average e-mini futures were up 0.12 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.18 percent and Nasdaq 100 e-mini futures were up 0.21 percent.

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Canadian Imperial Bank of Commerce reported better-than-expected first-quarter earnings on Thursday, helped by strong profit growth in its wholesale banking business. [ID: nL1N0VZ34S]

Royal Bank of Canada, the country's top lender, posted a better-than-expected quarterly profit on Wednesday, driven by significant gains in its personal and commercial banking and capital markets businesses.   Continued...