February 19, 2016 / 1:51 PM / a year ago

CANADA STOCKS-Fall in oil prices weigh on index futures

(Updates economic data)

Feb 19 (Reuters) - Stock futures suggested a lower opening for Canada's main stock index on Friday as oil prices fell after a record build in U.S. crude inventories last week stoked concerns over persistent global oversupply.

Crude stocks rose by 2.1 million barrels to a peak of 504.1 million, data from the U.S. government's Energy Information Administration showed on Thursday.

March futures on the S&P TSX index were down 0.47 percent at 8:45 a.m. ET.

The Toronto Stock Exchange's S&P/TSX composite index gained for a fourth straight session on Thursday, sustaining a six-week high, as gold, consumer and telecom stocks rose.

Dow Jones Industrial Average e-mini futures were down 0.34 percent at 8:45 a.m. ET. S&P 500 e-mini futures were down 0.37 percent and Nasdaq 100 e-mini futures were down 0.36 percent.

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

TOP STORIES

Canada's annual inflation rate accelerated in January to its highest since November 2014, lifted by food prices and the first increase in the cost of gasoline in over a year, Statistics Canada said.

Retail sales fell 2.2 percent in December as unseasonably warm weather cut into seasonal purchases, Statistics Canada said.

Enbridge Inc , Canada's largest pipeline company, reported a higher-than-expected quarterly profit and said it would defer C$5 billion in capital expenditure planned for this year and the next to 2018 as two pipelines are delayed.

COMMODITIES AT 8:45 a.m. ET

Gold futures : $1,228.30; +0.18 pct

US crude : $29.94; -2.70 pct

Brent crude : $33.51; -2.25 pct

LME 3-month copper : $4,586.50; +0.24 pct

ANALYST RESEARCH HIGHLIGHTS

Bank of Montreal : KBW cuts target price to C$77 from C$79

Canadian Tire Corp : Barclays raises target price to C$143 from C$140; rating "overweight"

OceanaGold Corp : National Bank Financial raises target price to C$3.85 from C$3.65

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 CPI mm, SA for Jan: Actual 0.0 pct; Prior -0.1 pct

0830 CPI yy, NSA for Jan: Actual 1.4 pct; Prior 0.7 pct

0830 Core CPI mm, SA for Jan: Actual 0.3 pct; Prior 0.2 pct

0830 Core CPI yy, NSA for Jan: Actual 2.2 pct; Prior 2.1 pct

0830 CPI Index, NSA for Jan: Actual 236.92; Prior 236.53

0830 Core CPI Index, SA for Jan: Actual 245.23; Prior 244.52

0830 Real Weekly earnings mm for Jan: Actual 0.7 pct; Prior 0.1 pct

1030 ECRI Weekly Index: Prior 130.0

1030 ECRI weekly annualized: Prior -2.6 pct

1130 Cleveland Fed CPI for Jan: Prior 0.1 pct

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory ($1= C$1.38) (Reporting by Nikhil Kumar in Bengaluru; Editing by Savio D'Souza)

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