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CANADA STOCKS-Futures lower ahead of inflation data
August 18, 2017 / 11:35 AM / a month ago

CANADA STOCKS-Futures lower ahead of inflation data

Aug 18 (Reuters) - Canada’s main stock index futures were lower on Friday ahead of inflation data, which is expected to have edged up to 1.2 percent in July on an annualized basis.

Economists will look for any sign of stabilization in the inflation data, due at 8:30 a.m. ET, to gauge how soon the central bank may raise interest rates again.

September futures on the S&P TSX index were down 0.14 percent at 7:15 a.m. ET.

Canada’s main stock index retreated on Thursday for a third straight day as U.S. political worries weighed on sentiment and a pullback in some base-metal prices drove down the materials group.

Dow Jones Industrial Average e-mini futures were down 0.08 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.03 percent and Nasdaq 100 e-mini futures were up 0.24 percent.

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TOP STORIES

Swedish prosecutors said they would charge an employee of Canadian aircraft and train maker Bombardier on suspicion that he and several others at the company had bribed an Azerbaijani official to secure a contract worth around $340 million.

Canada’s TMX Group Ltd is seeking guidance from the country’s securities regulators, it said on Thursday, as it weighs how to deal with marijuana companies listed in Canada with interests in the United States, where the business remains federally illegal.

ANALYST RESEARCH HIGHLIGHTS

Teranga Gold Corp: RBC raises rating to “outperform” from “sector perform”

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1294.4; +0.62 percent

US crude: $47.15; +0.13 percent

Brent crude: $51.04; +0.02 percent

LME 3-month copper: $6493; +0.05 percent

U.S. ECONOMIC DATA DUE ON FRIDAY

1000 U Mich Sentiment Preliminary for Aug: Expected 94.0; Prior 93.4

1000 U Mich Conditions Preliminary for Aug: Expected 113.3; Prior 113.4

1000 U Mich Expectations Preliminary for Aug: Expected 81.0; Prior 80.5

1000 U Mich 1 year inflation preliminary for Aug: Prior 2.6 pct

1000 U Mich 5-year inflation preliminary for Aug: Prior 2.6 pct

1030 ECRI Weekly Index: Prior 144.3

1030 ECRI weekly annualized: Prior 2.7 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$1.27) (Reporting by Nishit Kunal in Bengaluru; Editing by Sriraj Kalluvila)

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