Sept 12 (Reuters) - Futures linked to Canada's main
stock index rose on Thursday, boosted by higher crude prices,
while investors looked forward to key U.S. data.
September futures on the S&P/TSX index were up 0.6%
at 6:20 a.m. ET (10:20 GMT).
The energy sector was in focus as oil prices extended their
rebound amid concerns over Hurricane Francine's impact on U.S.
output.
The material sector was expected to rise as gold prices
edged higher on stronger expectations of a U.S. Federal Reserve
rate cut next week. Meanwhile, copper hit its highest in over a
week on demand rebound in China.
Across the border, Wall Street futures rose slightly after
reversing a selloff to close higher on Wednesday.
While mixed U.S. inflation data pointed to a 25-basis-point
rate cut by the Fed in its Sept. 18 meeting, investors who hoped
for a larger policy reduction were disappointed.
Investors will now parse through more data from the United
States, with the producer prices index numbers and weekly
jobless claims report expected at 8:30 a.m. ET.
The Fed has successfully steered inflation towards a
downward path by keeping tight credit conditions in the range of
5.25%-5.5% for over a year.
In corporate news, Canada's convenience store operator
Alimentation Couche-Tard ( ANCTF ) is discussing how much it
could raise the offer price to buy Japan's Seven & i Holdings ( SVNDF )
, Bloomberg News reported on Thursday.
COMMODITIES
Gold: $2,519.92; +0.34%
US crude: $68.57; +1.87%
Brent crude: $71.85; +1.76%
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($1 = 1.3570 Canadian dollars)