Sept 21 (Reuters) - Futures pointed to a higher opening for Canada's main stock index on Friday, boosted by a rise in oil prices and ahead of key economic data.
Canada's annual inflation data is due at 8:30 a.m. ET and the annual inflation rate is likely to dip 2.8 percent, compared with 3 percent in July.
July inflation rate is expected to fall 0.1 percent in August, compared with a reading of 0.5 percent in July.
Canadian retail sales for July will likely rise 0.4 percent, compared with a 0.2 percent fall in the previous month. prices rose ahead of a meeting of OPEC and other large crude exporters that will focus on production increases ahead of U.S. sanctions on Iranian exports. O/R
September futures on the S&P/TSX index SXFc1 were up 0.06 percent at 6:55 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE rose 64.83 points, or 0.40 percent, to 16,214.75 on Thursday. Jones Industrial Average e-mini futures 1YMc1 were up 0.18 percent at 6:55 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.06 percent and Nasdaq 100 e-mini futures NQc1 were up0.07 percent. .N
TOP STORIES TOP/CAN
Canada and the United States showed scant sign on Thursday of closing a deal to revamp NAFTA, and Canadian officials made clear Washington needed to withdraw a threat of possible auto tariffs, sources said. RESEARCH HIGHLIGHTS RCH/CA
Surge Energy Inc SGY.TO IA Securities starts with buy and price target C$4
COMMODITIES AT 6:55 a.m. ET COM/WRAP
Gold futures GCc2 : $1,207.7; -0.07 pct GOL/
US crude CLc1 : $70.39; +0.70 pct O/R
Brent crude LCOc1 : $79.50; +1.08 pct O/R
U.S. ECONOMIC DATA DUE ON FRIDAY
0945 Markit Composite Flash PMI for Sep: Prior 54.7
0945 Markit Manufacturing PMI Flash for Sep: Expected 55.0; Prior 54.7
0945 Markit Services PMI Flash for Sep: Expected 55.0; Prior 54.8
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($1= C$1.29)