CANADA STOCKS-Futures indicate higher open as oil rebounds

    March 15 (Reuters) - Futures pointed to a higher opening for
Canadian stocks on Wednesday as oil prices rebounded from
three-month lows, a day after the S&P/TSX composite index
tumbled to its lowest this year.
    March futures on the index         were up 0.25 percent at
7:15 a.m. ET.
    The rebound in oil prices was due to a surprise drawdown in
U.S. inventories and the International Energy Agency's figures
suggesting OPEC cuts should push the crude market into deficit
in time.
    The market was also weighed down on Tuesday by a 10 percent
slump in Valeant Pharmaceuticals International Inc's         
stock, after activist investor William Ackman sold his entire
stake in the struggling drugmaker.             
    Dow Jones Industrial Average e-mini futures         were up
0.16 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
       were up 0.21 percent and Nasdaq 100 e-mini futures       
were up 0.18 percent.     
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    TOP STORIES          
    Lending activity to small Canadian businesses edged down in
January, though borrowing by larger firms accelerated, data
showed on Wednesday, pointing to an economy that is still
recovering from an oil price shock two years ago.             
    Manulife Financial Corp          has been granted a licence
that will allow it to launch investment products in China
through a wholly-owned local subsidiary, as Beijing further
liberalises its capital markets.             
    Halogen Software Inc         : Raymond James cuts rating to
"market perform" from "outperform"
    TransCanada Corp         : GMP cuts target price to C$68
from C$70
    Alimentation Couche Tard          : Canaccord Genuity cuts
target price to C$72 from C$78
    COMMODITIES AT 7:15 a.m. ET           
    Gold futures       : $1201.9; 0 percent       
    US crude       : $48.65; +1.89 percent      
    Brent crude        : $51.78; +1.69 percent      
    LME 3-month copper        : $5869.5; +0.85 percent        
    08:30 Core CPI mm, SA for Feb: Expected 0.2 pct; Prior 0.3
    08:30 Core CPI yy, NSA for Feb: Expected 2.2 pct; Prior 2.3
    08:30 CPI Index, NSA for Feb: Expected 243.28; Prior 242.84
    08:30 Core CPI Index, SA for Feb: Prior 250.78
    08:30 CPI mm, SA for Feb: Expected 0.0 pct; Prior 0.6 pct
    08:30 CPI yy, NSA for Feb: Expected 2.7 pct; Prior 2.5 pct
    08:30 Real weekly earnings mm for Feb: Prior -0.4 pct
    08:30 NY Fed Manufacturing for Mar: Expected 15.00; Prior
    08:30 Retail sales ex-autos mm for Feb: Expected 0.2 pct;
Prior 0.8 pct
    08:30 Retail sales mm for Feb: Expected 0.1 pct; Prior 0.4
    08:30 Retail ex gas/autos for Feb: Prior 0.7 pct
    08:30 Retail control for Feb: Expected 0.2 pct; Prior 0.4
    10:00 Business inventories mm for Jan: Expected 0.3 pct;
Prior 0.4 pct
    10:00 Retail Inventory Ex Auto (R) for Jan: Prior 0.0
    10:00 NAHB Housing Market Index for Mar: Expected 65; Prior
    12:00 Cleveland fed CPI for Feb: Prior 0.3 pct
    14:00 Fed funds target rate: Expected 0.875 pct; Prior 0.625
    16:00 Net L-T flows, ex swaps for Jan: Prior -12.9 bln
    16:00 Foreign buying, T-bonds for Jan: Prior -21.9 bln
    16:00 Overall net capital flow for Jan: Prior -42.8 bln
    16:00 Net L-T flows, including swaps for Jan: Prior -29.4
    TSX market report      
    Canadian dollar and bonds report             
    Reuters global stocks poll for Canada              
    Canadian markets directory         
 ($1 = C$1.35)

 (Reporting by Nayyar Rasheed in Bengaluru; Editing by Saumyadeb