Oct 9 (Reuters) - Futures for Canada's main stock index
inched lower on Wednesday as cautious investors awaited minutes
of the U.S. Federal Reserve's last meeting, while weak metal
prices weighed on the market.
December futures on the S&P/TSX index were down
0.1% at 6:03 a.m. ET (10:03 GMT).
Minutes from the Fed's September meeting are due later in
the day, and investors are expected to look for insights into
the interest-rate path.
Focus is also on U.S. consumer price index data,
expected on Thursday, to infer central bank's policy outlook.
Odds for a 25-basis-point-cut at the U.S. Fed's November
policy meeting stand at 88%.
Domestic investors also await Canada's unemployment data,
due on Friday, as it could provide clues about the Bank of
Canada's interest rate path at its policy meeting later in the
month.
The materials sector could track gold prices, which dipped
against a stronger dollar, and copper prices that fell over
China's failure to detail new stimulus measures to boost the top
metals consumer's economy.
Canada's energy sector could rebound, tracking higher oil
prices as markets remained wary of escalating tensions in the
Middle East that could disrupt supply from the region.
Markets also await quarterly earnings from the major U.S.
banks on Friday.
In corporate news, Japan's Seven & I Holdings ( SVNDF )
received a revised takeover bid of around $47 billion from
Canada's Alimentation Couche-Tard ( ANCTF ), compared with $38.5
billion earlier.
COMMODITIES
Gold: $2,618.1; -0.15%
US crude: $74.26; +0.9%
Brent crude: $77.85; +0.9%
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($1 = 1.3665 Canadian dollars)