CANADA STOCKS-Futures rise as annual inflation cools in May

Fri Jun 17, 2016 8:54am EDT
 
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(Updates with economic data)

June 17 (Reuters) - Canada's Stock futures rose on Friday after data showed annual inflation rate cooled in May on cheaper gasoline and a slowdown in price increases for food.

The annual rate declined to 1.5 percent from April's 1.7 percent, data from Statistics Canada showed, falling a tad short of economists' expectations for 1.6 percent.

September futures on the S&P TSX index were up 0.34 percent at 8:40 a.m. ET.

Canada's main stock index fell on Thursday as energy and mining stocks dragged due to lower oil prices and a reversal in bullion following the suspension of campaigning for Britain's European Union referendum after a lawmaker was shot dead.

Dow Jones Industrial Average e-mini futures were down 0.01 percent at 8:40 a.m. ET, while S&P 500 e-mini futures were down 0.12 percent and Nasdaq 100 e-mini futures were down 0.07 percent.

(Morning News Call newsletter link.reuters.com/nex49s; The Day Ahead newsletter link.reuters.com/mex49s)

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