Dec 7 (Reuters) - Stock futures pointed to a slightly lower opening for Canada's main index on Wednesday as investors awaited the Bank of Canada's decision on interest rates.
The central bank is widely expected to hold interest rates at 0.50 percent, but investors will look to the policy statement to gauge the impact of U.S. President-elect Donald Trump's proposed policies on the Canadian economy. futures on the S&P TSX index SXFc1 were down 0.04 percent at 7:35 a.m. ET.
Canada's benchmark stock index climbed to its highest close in 18 months on Tuesday as Bank of Montreal BMO.TO led financial shares higher on a strong earnings report, adding momentum to a month-long sector rally sparked by higher bond yields. Jones Industrial Average e-mini futures 1YMc1 were up 0.06 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.01 percent and Nasdaq 100 e-mini futures NQc1 were up 0.02 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s ; The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Canadian dollar store operator Dollarama Inc DOL.TO reported a 10 percent rise in quarterly profit as customers spent more in its stores. America will play an increasingly important role in Barrick Gold's ABX.TO growth strategy, the world's biggest gold miner said on Tuesday as it named a new director with decades of mining experience in that region. environmental group said on Tuesday it filed a lawsuit against De Beers Canada, accusing the diamond producer of failing to report toxic levels of mercury and methylmercury at its Victor diamond mine in northern Ontario. RESEARCH HIGHLIGHTS RCH/CA
Bank of Montreal BMO.TO : Barclays (LON:BARC) raises target price to C$82 from C$77
Hudson's Bay Co HBC.TO : National Bank Financial cuts target price to C$17 from C$18
Transcontinental TCLa.TO : Canaccord Genuity raises target price to C$20 from C$17
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,174.2; +0.46 pct GOL/
US crude CLc1 : $50.84; -0.18 pct O/R
Brent crude LCOc1 : $53.82; -0.19 pct O/R
LME 3-month copper CMCU3 : $5,907.00; +0.39 pct MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
1000 JOLTS job openings for Oct: Expected 5.500 mln; Prior 5.486 mln
1500 Consumer credit for Oct Expected 19.00 bln; Prior 19.29 bln
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