December 16, 2016 / 12:33 PM / 7 months ago

CANADA STOCKS-TSX futures edge higher as gold prices steady

3 Min Read

Dec 16 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Friday as gold prices steadied, but held near a 10-1/2-month low, post the U.S. Federal Reserve's rate hike.

March futures on the S&P TSX index were up 0.2 percent at 7:15 a.m. ET.

"The rate hike this week from the Fed and the hawkish outlook for next year leave a fairly negative picture for gold," ING commodity strategist Warren Patterson said.

October data for domestic and foreign securities is due at 8:30 a.m. ET

Canada's main stock index rose on Thursday, helped by broad gains for financial stocks a day after the Federal Reserve hiked interest rates and struck a hawkish note on further increases, a move which weighed on Canadian gold miners.

Dow Jones Industrial Average e-mini futures were up 0.20 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were up 0.18 percent and Nasdaq 100 e-mini futures were up 0.15 percent.

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

Top Stories

Chemtrade Logistics Income Fund said it would buy chemicals and handling company Canexus Corp for C$1.65 in cash per share, as it looks to expand its existing platform and markets.

Analyst Research Highlights

CGI Group Inc : Goldman Sachs cuts to "sell" from "neutral"

Centerra Gold : National Bank Financial starts with "sector perform"

Imperial Oil Ltd : Goldman Sachs raises target price to C$50 from C$47

COMMODITIES AT 7:15 a.m. ET

Gold futures : $1,134.3; +0.58 pct

US crude : $51.29; +0.77 pct

Brent crude : $54.62; +1.11 pct

LME 3-month copper : $5,667; -1.13 pct

u.s. Economic Data Due on Friday

0830 Building permits: number for Nov: Expected 1.240 mln; Prior 1.260 mln

0830 Build permits: change mm for Nov: Prior 2.9 pct

0830 Housing starts number mm for Nov: Expected 1.230 mln; Prior 1.323 mln

0830 House starts mm: change for Nov: Prior 25.5 pct

1030 ECRI Weekly Index: Prior 143.2

1030 ECRI weekly annualized: Prior 9.7 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$1.34) (Reporting by Nandi Kaul in Bengaluru; Editing by Shounak Dasgupta)

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