Feb 15 (Reuters) - Canada's main stock index was set to open lower on Wednesday as oil prices slipped following a report showing U.S. oil inventory increased.
The American Petroleum Institute trade group said on Tuesday that U.S. inventories rose by a larger-than-expected 9.9 million barrels last week, ahead of the Energy Information Administration's official supply report. futures on the S&P TSX index SXFc1 were down 0.13 percent at 7:15 a.m. ET.
Cannada manufacturing sales data for December is due at 8:30 a.m. ET. ECONCA
The Toronto Stock Exchange's S&P/TSX composite index posted a fresh record high on Tuesday as higher oil prices and bond yields supported energy and financials, while auto suppliers benefited from U.S. President Donald Trump's warm words for Canadian trade the day before. Jones Industrial Average e-mini futures 1YMc1 were up 0.16 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.02 percent and Nasdaq 100 e-mini futures NQc1 were up 0.02 percent. .N
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TOP STORIES TOP/CAN
The European Union and Canada secured clearance for their contentious free trade deal and the removal of import duties that supporters say will boost growth and jobs on both sides of the Atlantic. Resources Ltd TCKb.TO , North America's largest producer of steel-making coal, reported better-than-expected quarterly results, helped by higher realized prices. e-commerce software maker Shopify Inc SHOP.TO , SHOP.N reported a bigger quarterly loss as operating expenses jumped 80 percent. RESEARCH HIGHLIGHTS RCH/CA
Bank of Montreal BMO.TO : CIBC raises target price to C$101 from C$100
Enerflex Ltd EFX.TO : RBC starts coverage with "outperform" rating; target price C$22
Royal Bank of Canada RY.TO : CIBC raises target price to C$99 from C$98
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1225.2; +0.11 percent GOL/
US crude CLc1 : $52.86; -0.64 percent O/R
Brent crude LCOc1 : $55.64; -0.59 percent O/R
LME 3-month copper CMCU3 : $6044.5; +0.39 percent MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
08:30 CPI mm, SA for Jan: Expected 0.3 pct; Prior 0.3 pct
08:30 CPI yy, NSA for Jan: Expected 2.4 pct; Prior 2.1 pct
08:30 Core CPI mm, SA for Jan: Expected 0.2 pct; Prior 0.2 pct
08:30 Core CPI yy, NSA for Jan: Expected 2.1 pct; Prior 2.2 pct
08:30 CPI Index, NSA for Jan: Expected 242.47; Prior 241.43
08:30 Core CPI Index, SA for Jan: Prior 250.01
08:30 Real weekly earnings mm for Jan: Expected 0.0 pct; Prior 0.1 pct
08:30 NY Fed Manufacturing for Feb: Expected 7.00; Prior 6.50
08:30 Retail sales mm for Jan: Expected 0.1 pct; Prior 0.6 pct
08:30 Retail sales ex-autos mm for Jan: Expected 0.4 pct; Prior 0.2 pct
08:30 Retail ex gas/autos for Jan: Prior 0.0 pct
08:30 Retail control for Jan: Expected 0.3 pct; Prior 0.2 pct
09:15 Industrial production mm for Jan: Expected 0.0 pct; Prior 0.8 pct
09:15 Capacity utilization mm for Jan: Expected 75.5 pct; Prior 75.5 pct
09:15 Manufacturing output mm for Jan: Expected 0.2 pct; Prior 0.2 pct
10:00 Business inventories mm for Dec: Expected 0.4 pct; Prior 0.7 pct
10:00 Retail inventory ex auto (R) for Dec: Prior 0.2
10:00 NAHB Housing Market Index for Feb: Expected 67; Prior 67
11:00 Cleveland Fed CPI for Jan: Prior 0.2 pct
16:00 Net L-T flows,exswaps for Dec: Prior 30.8 bln
16:00 Foreign buying, T-bonds for Dec: Prior -0.2 bln
16:00 Overall net capital flow for Dec: Prior 23.7 bln
16:00 Net L-T flows, including swaps for Dec: Prior 12.1 bln
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Canadian markets directory CANADA ($1= C$1.31)