June 23 (Reuters) - Stock futures pointed to a flat opening for Canada's main stock index on Friday as investors awaited a report on inflation.
Canada's annual inflation rate is forecast to have cooled to 1.5 percent in May, from 1.6 percent in April, which will take it further away from the Bank of Canada's 2 percent target. The report is scheduled to release at 8:30 a.m. ET. ECONCA
September futures on the S&P TSX index SXFc1 were up 0.06 percent at 7:15 a.m. ET.
Canada's main stock index rose on Thursday as the financial and resource sectors advanced, while non-bank lender Home Capital Group HCG.TO jumped after it said it would get a line of credit from Berkshire Hathaway (NYSE:BRKa) Inc BRKa.N . Jones Industrial Average e-mini futures 1YMc1 were down 0.18 percent at 7:15 a.m. ET. S&P 500 e-mini futures ESc1 were up 0.01 percent and Nasdaq 100 e-mini futures NQc1 were down 0.09 percent. .N
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TOP STORIES TOP/CAN
BlackBerry Ltd BB.TO , BBRY.O reported first-quarter revenue that missed analysts' estimates as the company received fewer orders from its enterprise customers. of Canada's biggest banks are the largest providers of C$5.5 billion in credit for Kinder Morgan (NYSE:KMI) Canada Ltd's KML.TO Trans Mountain pipeline expansion project, the company said in regulatory filings on Thursday. Western companies in Democratic Republic of Congo treading carefully in the face of political turbulence and a worsening business climate, Canada's First Cobalt Corp FCC.V is an unlikely newcomer to the central African nation's mining scene. RESEARCH HIGHLIGHTS RCH/CA
Bombardier BBDb.TO : TD Securities raises price target to C$2.15 from C$2.05
Home Capital Group HCG.TO : National Bank of Canada raises rating to "sector perform" from "underperform"
Silver Standard Resources Inc SSO.TO : Deutsche Bank (DE:DBKGn) cuts target price to C$14 from C$14.5
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,258.8; +0.75 pct GOL/
US crude CLc1 : $42.86; +0.28 pct O/R
Brent crude LCOc1 : $45.55; +0.31 pct O/R
LME 3-month copper CMCU3 : $5,807.50; +1.14 pct MET/L
U.S. ECONOMIC DATA DUE ON FRIDAY
0945 Markit Composite Flash PMI for June: Prior 53.60
0945 Markit Manufacturing PMI Flash for June: Expected 53.0; Prior 52.7
0945 Markit Services PMI Flash for June: Expected 53.7; Prior 53.6
1000 New home sales-units for May: Expected 0.597 mln; Prior 0.569 mln
1000 New home sales change mm for May: Expected 5.4 pct; Prior -11.4 pct
1030 ECRI Weekly Index: Prior 144.0
1030 ECRI weekly annualized: Prior 3.7 pct
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/ CA/
Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA
Canadian markets directory CANADA ($1 = C$1.32)