Canada Stocks: Futures edge higher as oil rises; inflation data eyed

SURGE ENERGY

21/09/2018 12:35

Sept 21 (Reuters) - Futures pointed to a higher opening for
Canada's main stock index on Friday, boosted by a rise in oil
prices and ahead of key economic data.
    Canada's annual inflation data is due at 8:30 a.m. ET and
the annual inflation rate is likely to dip 2.8 percent, compared
with 3 percent in July.
    July inflation rate is expected to fall 0.1 percent in
August, compared with a reading of 0.5 percent in July.
    Canadian retail sales for July will likely rise 0.4 percent,
compared with a 0.2 percent fall in the previous
month. urn:newsml:reuters.com:*:nL3N1W650I
    Oil prices rose ahead of a meeting of OPEC and other large
crude exporters that will focus on production increases ahead of
U.S. sanctions on Iranian exports.  O/R 
    September futures on the S&P/TSX index  SXFc1  were up 0.06
percent at 6:55 a.m. ET.
    The Toronto Stock Exchange's S&P/TSX  .GSPTSE  rose 64.83
points, or 0.40 percent, to 16,214.75 on Thursday.  urn:newsml:reuters.com:*:nL8N1W66Q6
    Dow Jones Industrial Average e-mini futures  1YMc1  were up
0.18 percent at 6:55 a.m. ET, while S&P 500 e-mini futures
 ESc1  were up 0.06 percent and Nasdaq 100 e-mini futures  NQc1 
were up0.07 percent.  .N 
        
    TOP STORIES  TOP/CAN 
    Canada and the United States showed scant sign on Thursday
of closing a deal to revamp NAFTA, and Canadian officials made
clear Washington needed to withdraw a threat of possible auto
tariffs, sources said.  urn:newsml:reuters.com:*:nL2N1W61OY
      
    ANALYST RESEARCH HIGHLIGHTS  RCH/CA 
    Surge Energy Inc  SGY.TO  IA Securities starts with buy and
price target C$4
    
    COMMODITIES AT 6:55 a.m. ET  COM/WRAP 
    Gold futures  GCc2 : $1,207.7; -0.07 pct  GOL/ 
    US crude  CLc1 : $70.39; +0.70 pct  O/R 
    Brent crude  LCOc1 : $79.50; +1.08 pct  O/R 
    
    U.S. ECONOMIC DATA DUE ON FRIDAY
    0945 Markit Composite Flash PMI for Sep: Prior 54.7
    0945 Markit Manufacturing PMI Flash for Sep: Expected 55.0;
Prior 54.7
    0945 Markit Services PMI Flash for Sep: Expected 55.0; Prior
54.8
    
    FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
    TSX market report  .TO 
    Canadian dollar and bonds report  CAD/   CA/ 
    Reuters global stocks poll for Canada  EQUITYPOLL1 
 EPOLL/CA 
    Canadian markets directory  CANADA 
    
 ($1= C$1.29)

 (Reporting by Pradip Kakoti in Bengaluru; Editing by Shounak
Dasgupta)
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pradip.kakoti.thomsonreuters.com@reuters.net; phone +1 651 848
5900 or +91 80 6749 6479))