CANADA STOCKS-Futures indicate higher open after economic data

Fri Jul 22, 2016 9:11am EDT
 
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(Updates with economic data)

July 22 (Reuters) - Canada's main stock index futures pointed to a higher start on Friday after retail sales data exceeded estimates.

Retail sales rose by 0.2 percent in May from April to hit a record C$44.28 billion ($33.80 billion), largely because of increases for food, drink and gasoline, Statistics Canada said.

Retail sales growth, ex-autos, at 0.9 percent came in much better than the forecast of 0.3 percent.

Annual inflation rate remained at 1.5 percent in June, staying below the Bank of Canada's 2 percent target for a fifth consecutive month, Statistics Canada data indicated.

September futures on the S&P TSX index were up 0.11 percent at 8:45 a.m. ET.

Canada's main stock index rose to an 11-month high on Thursday as mining stocks rallied and strong earnings reports boosted the shares of Rogers Communications Inc and Encana Corp.

Dow Jones Industrial Average e-mini futures were up 0.12 percent at 8:45 a.m. ET, while S&P 500 e-mini futures were up 0.16 percent and Nasdaq 100 e-mini futures were up 0.13 percent.

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