July 12 (Reuters) – Stock futures pointed to a higher
opening for Canada’s main stock index on Wednesday as investors
await an interest rate decision by the Bank of Canada.
The median consensus, according to analysts polled by
Reuters on Tuesday, showed the central bank will increase rates
by 25 basis points to 0.75 percent, the first hike in nearly
Interest rate data is due at 10:00 a.m. ET.
September futures on the S&P TSX index were up 0.2
percent at 7:15 a.m. ET.
Canada’s main stock index rose on Tuesday as higher
commodity prices boosted the shares of resource companies, while
investors awaited the Bank of Canada’s interest rate decision on
Dow Jones Industrial Average e-mini futures were up
0.15 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
were up 0.15 percent and Nasdaq 100 e-mini futures
were up 0.25 percent.
(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf
; The Day Ahead newsletter
Canadian lender Home Capital Group Inc appointed
Yousry Bissada as its chief executive, bringing to an end a
search it started in March after it terminated the employment of
former CEO Martin Reid.
The Bank of Canada is widely expected to raise interest
rates on Wednesday for the first time since 2010, following the
Federal Reserve in a bid to inch rates back towards normal after
the global financial crisis a decade ago.
ANALYST RESEARCH HIGHLIGHTS
Aveda Transportation: Canaccord Genuity starts
coverage with “speculative buy” rating
Sun Life Financial Inc: Barclays raises target
price to C$53 from C$52
COMMODITIES AT 7:15 a.m. ET
Gold futures: $1,218.3; +0.39 pct
US crude: $45.76; +1.60 pct
Brent crude: $48.18; +1.39 pct
LME 3-month copper: $5,919; +0.75 pct
U.S. ECONOMIC DATA DUE ON WEDNESDAY
1100 TR IPSOS PCSI for Jul: Prior 62.77
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
(Reporting by Riniki Sanyal in Bengaluru; Editing by Sriraj