Dec. 15 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Thursday a day after the U.S. Federal Reserve hiked interest rates and signaled a faster pace of increases in 2017.
The Fed's decision to raise rates comes as U.S. President-elect Donald Trump, who will be sworn in next month, is seen cutting taxes and increasing spending on infrastructure. futures on the S&P TSX index SXFc1 were up 0.12 percent at 7:15 a.m. ET.
Manufacturing sales for October is due at 8:30 a.m. ET ECONCA
Canada's main stock index fell the most in one month on Wednesday, retreating from a 19-month high the previous day, with resource shares leading a broad-based sell-off as oil and gold fell after the U.S. rate hike. Jones Industrial Average e-mini futures 1YMc1 were up 0.1 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.02 percent and Nasdaq 100 e-mini futures NQc1 were down 0.08 percent. .N
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TOP STORIES TOP/CAN
Bombardier Inc BBDb.TO investors will be looking for more information on the cost of value guarantees for older jets and forecasts for the Canadian plane and train maker's business jet unit at an investor day in New York on Thursday. Natural Resources Ltd CNQ.TO said it expected production to rise by 6 percent and set its 2017 capital budget at C$3.89 billion ($2.92 billion), a slight increase from last year. oil company Statoil ASA STL.OL has agreed to sell its Canadian oil sands assets to Calgary-based Athabasca Oil Corp ATH.TO in a deal worth up to C$832 million, Statoil said in a statement on Wednesday. RESEARCH HIGHLIGHTS RCH/CA
Merus Labs International Inc MSL.TO : Canaccord Genuity cuts target price to C$3 from C$3.50
Valeant Pharmaceuticals (NYSE:VRX) International INC VRX.N : Morgan Stanley (NYSE:MS) cuts to "equal-weight" from "overweight"
Vermilion Energy Inc VET.TO : RBC raises target price to C$56 from C$53
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,129.7; -2.72 pct GOL/
US crude CLc1 : $51.09; +0.1 pct O/R
Brent crude LCOc1 : $54.19; +0.54 pct O/R
LME 3-month copper CMCU3 : $5,679.5; -0.74 pct MET/L
U.S. ECONOMIC DATA DUE ON THURSDAY
0830 CPI mm, SA for Nov: Expected 0.2 pct; Prior 0.4 pct
0830 CPI yy, NSA for Nov: Expected 1.7 pct; Prior 1.6 pct
0830 Core CPI mm, SA for Nov: Expected 0.2 pct; Prior 0.1 pct
0830 Core CPI yy, NSA for Nov: Expected 2.2 pct; Prior 2.1 pct
0830 CPI Index, NSA for Nov: Expected 241.38; Prior 241.73
0830 Core CPI Index, SA for Nov: Prior 248.98
0830 Real weekly earnings mm for Nov: Expected -0.2 pct; Prior 0.0 pct
0830 Current account for Q3: Expected -111.6 bln; Prior -119.9 bln
0830 NY Fed Manufacturing for Dec: Expected 4.00; Prior 1.50
0830 Initial jobless claims: Expected 255,000; Prior 258,000
0830 Jobless claims 4-week average: Prior 252,500
0830 Continued jobless claims: Expected 2.025 mln; Prior 2.005 mln
0830 Philly Fed Business Index for Dec: Expected 9.0; Prior 7.6
0830 Philly Fed 6M Index for Dec: Prior 29.30
0830 Philly Fed Capex Index for Dec: Prior 19.10
0830 Philly Fed Employment for Dec: Prior -2.60
0830 Philly Fed Prices Paid for Dec: Prior 27.50
0830 Philly Fed New Orders for Dec: Prior 18.60
1000 NAHB Housing Market Index for Dec: Expected 63; Prior 63
1130 Cleveland fed CPI for Nov: Prior 0.2 pct
1600 Net L-T flows, exswaps for Oct: Prior -26.2 bln
1600 Foreign buying, T-bonds for Oct: Prior -76.6 bln
1600 Overall net capital flow for Oct: Prior -152.9 bln
1600 Net L-T flows, including. swaps for Oct: Prior -63.3 bln
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Reuters global stocks poll for Canada EQUITYPOLL1 EPOLLCA
Canadian markets directory CANADA ($1= C$1.33)