CANADA STOCKS-Futures rise as Japan stimulus boosts global equities

Wed Jul 27, 2016 7:50am EDT
 
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July 27 (Reuters) - Canada's main stock index was set to open higher on Wednesday, tracking global equities after Japanese Prime Minister Shinzo Abe unveiled a surprisingly large $265 billion stimulus package to reflate Japan's economy.

The Bank of Japan is expected to match the measures with monetary stimulus at its rate review meeting on Friday.

Investor focus was also on quarterly results from major companies including Barrick Gold Corp, Goldcorp Inc and Suncor Energy Inc later in the day.

September futures on the S&P TSX index were up 0.14 percent at 7:30 a.m. ET.

Canada's main stock index rose on Tuesday, helped by gains in stocks of gold miners, other materials companies and banks, as bullion prices rose ahead of the U.S. Federal Reserve interest rate meeting.

No major Canadian data is scheduled for release on Tuesday.

Dow Jones Industrial Average e-mini futures were up 0.19 percent at 7:30 a.m. ET, while S&P 500 e-mini futures were up 0.14 percent and Nasdaq 100 e-mini futures were up 0.69 percent.

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

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