July 15 (Reuters) - Futures tracking Canada's blue-chip
stock index were little changed on Wednesday, as investors
assessed worsening Middle East tensions and awaited the Bank of
Canada's decision on interest rates.
September contracts tracking the resources-heavy S&P/TSX
Composite index were flat at 2089.60 points at 05:58 am
ET.
* The Bank of Canada is expected to keep its key policy rate
unchanged, as worries over a recent uptick in inflation remain
contained and economic growth remains sluggish. The data is
expected around 9:45 am ET later in the day.
* Oil prices inched up after U.S. President Donald Trump
reimposed a naval blockade on all Iranian ports and Tehran
threatened to close "all other export corridors that benefit the
U.S. and its allies."
* Brent crude futures traded around $85.18 per
barrel, while West Texas Intermediate futures climbed to
$79.83 a barrel.
* Gold slipped as rising energy prices fueled inflation
concerns. Spot gold and silver were down 0.6% and
0.5% respectively.
* Focus is also on the U.S. PPI data, expected at 08:30 am,
and U.S. Federal Reserve Chair Kevin Warsh's address, due around
10:00 am ET.
* In company news, Cogeco Communications ( CGEAF ) is set to
release its third-quarter results later in the day. Analysts
estimate the nation's sixth-largest communication services
company to report earnings of C$2.09 per share, according to
data compiled by LSEG.
* Separately, Canadian home sales posted a modest increase
in June following a robust jump the previous month, and prices
remained unchanged, data by the Canadian Real Estate Association
showed on Wednesday.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory