CANADA STOCKS-Futures track gains in oil prices

Fri Jul 15, 2016 9:09am EDT
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(Updates with economic data)

July 15 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday as oil prices recovered early losses after strong U.S. economic data.

The U.S. Commerce Department said retail sales increased 0.6 percent last month after a downwardly revised 0.2 percent gain in May. It was the third straight month of gains.

The U.S. Labor Department said its Consumer Price Index rose 0.2 percent last month after a similar gain in May. In the 12 months through June, the CPI advanced 1 percent.

Canadian manufacturing sales fell 1 percent in May from April, the third decline in five months, in part due to disruptions caused by Alberta wildfires and an earthquake in Japan, Statistics Canada said on Friday.

September futures on the S&P TSX index were up 0.14 percent at 8:45 a.m. ET.

Canada's main stock index rose to a fresh 11-month high on Thursday as heavyweight banking stocks benefited after U.S. bank JPMorgan Chase reported strong loan growth and rising oil prices boosted energy stocks.

Dow Jones Industrial Average e-mini futures were up 0.14 percent at 8:45 a.m. ET, S&P 500 e-mini futures were up 0.15 percent and Nasdaq 100 e-mini futures were up 0.05 percent.

(Morning News Call newsletter; The Day Ahead newsletter   Continued...