July 12 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Wednesday as investors await an interest rate decision by the Bank of Canada.
The median consensus, according to analysts polled by Reuters on Tuesday, showed the central bank will increase rates by 25 basis points to 0.75 percent, the first hike in nearly seven years. Rate data is due at 10:00 a.m. ET ECONCA .
September futures on the S&P TSX index SXFc1 were up 0.2 percent at 7:15 a.m. ET.
Canada's main stock index rose on Tuesday as higher commodity prices boosted the shares of resource companies, while investors awaited the Bank of Canada's interest rate decision on Wednesday. Jones Industrial Average e-mini futures 1YMc1 were up 0.15 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.15 percent and Nasdaq 100 e-mini futures NQc1 were up 0.25 percent. .N
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TOP STORIES TOP/CAN
Canadian lender Home Capital Group Inc HCG.TO appointed Yousry Bissada as its chief executive, bringing to an end a search it started in March after it terminated the employment of former CEO Martin Reid. Bank of Canada is widely expected to raise interest rates on Wednesday for the first time since 2010, following the Federal Reserve in a bid to inch rates back towards normal after the global financial crisis a decade ago. RESEARCH HIGHLIGHTS RCH/CA
Aveda Transportation AVE.V : Canaccord Genuity starts coverage with "speculative buy" rating
Sun Life Financial Inc SLF.TO : Barclays (LON:BARC) raises target price to C$53 from C$52
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc2 : $1,218.3; +0.39 pct GOL/
US crude CLc1 : $45.76; +1.60 pct O/R
Brent crude LCOc1 : $48.18; +1.39 pct O/R
LME 3-month copper CMCU3 : $5,919; +0.75 pct MET/L
U.S. ECONOMIC DATA DUE ON WEDNESDAY
1100 TR IPSOS PCSI for Jul: Prior 62.77
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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$1.29)