CANADA STOCKS-Futures flat ahead of inflation data

July 21 (Reuters) – Canada’s main stock index futures were
flat on Friday ahead of the country’s inflation data, even as
oil slipped nearly 1 percent.

Canada’s annual inflation rate is expected to have declined
to 1 percent in June from 1.3 percent in May.

Annual inflation and retail sales data are due at 8:30 a.m.
ET

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

Canada’s main stock index edged up on Thursday to a
three-week high, boosted by a bump in shares of Rogers
Communications Inc after it beat earnings
expectations, while energy shares lost ground as oil prices
fell.

Dow Jones Industrial Average e-mini futures were
down 0.12 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 down 0.15 percent.

(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf
; The Day Ahead newsletter

TOP STORIES

Canadian oil and gas producer Husky Energy Inc
reported a smaller loss on Friday, helped partly by higher oil
prices and a rise in production.

Canadian oil and gas producer Encana Corp on Friday
posted a quarterly profit compared with a loss a year earlier,
when it took impairment and hedging charges of about $641
million.

Retailer Hudson’s Bay Co is unlikely to take its
vast real estate holdings public any time soon, the head of
RioCan Real Estate Investment Trust, a partner in a
venture that holds some of those assets, said on Thursday.

ANALYST RESEARCH HIGHLIGHTS

Dragonwave Inc: Desjardins cuts rating to “sell”
from “hold”

Dream Global REIT: Eight Capital raises rating to
“buy” from “neutral”

Rogers Communications: Barclays raises target
price to C$70 from C$63

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1,244.80; 0 pct

US crude: $46.41; -1.09 pct

Brent crude: $48.84; -0.91 pct

LME 3-month copper: $6,034; +1.28 pct

U.S. ECONOMIC DATA DUE ON FRIDAY

10:30 ECRI Weekly Index: Prior 143.9

10:30 ECRI weekly annualized: Prior 2.4 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$1.26)
(Reporting by Riniki Sanyal in Bengaluru; Editing by Maju
Samuel)

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