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CANADA STOCKS-TSX futures edge higher; Fed meet in focus

Published 2017-09-20, 07:37 a/m
© Reuters.  CANADA STOCKS-TSX futures edge higher; Fed meet in focus
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Sept 20 (Reuters) - Canada's main stock index futures were trading slightly higher on Wednesday, as investors were cautious ahead of a U.S. Federal Reserve policy meeting that may give clues on whether it will raise interest rates for a third time this year.

September futures on the S&P TSX index SXFc1 were up 0.08 percent at 7:15 a.m. ET.

Canada's main stock index rose to six-week highs on Tuesday, buoyed by a broad rally led by financial and energy stocks, as investors waited for clues from the U.S. Federal Reserve on its next move. Jones Industrial Average e-mini futures 1YMc1 were flat 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 flat. .N

(Morning News Call newsletter http://share.thomsonreuters.com/assets/newsletters/Morning_News_Call/MNC_US.pdf ; The Day Ahead newsletter http://share.thomsonreuters.com/assets/newsletters/The_Day_Ahead/TDA_NAM.pdf)

TOP STORIES TOP/CAN

Brookfield Asset Management Inc BAMa.TO is considering increasing a takeover offer for Renova Energia SA by 25 percent in a bid to sway the two largest shareholders in the Brazilian renewable power firm to exit their controlling stakes, two people with direct knowledge of the matter said on Tuesday. than 120 birds in Canada's oil heartland of Alberta were killed after getting caught in a pond of oil sands byproducts operated by the country's largest producer, Suncor Energy Inc SU.TO , the local regulator said on Tuesday. RESEARCH HIGHLIGHTS RCH/CA

Air Canada AC.TO : Cowen and Company raises target price to C$40 from C$23

Corus Entertainment Inc CJRb.TO : National Bank of Canada cuts target price to C$12.50 from C$13

COMMODITIES AT 7:15 a.m. ET COM/WRAP

Gold futures GCc2 : $1318.3; +0.57 pct GOL/

US crude CLc1 : $50.08; +1.21 percent O/R

Brent crude LCOc1 : $55.85; +1.29 percent O/R

LME 3-month copper CMCU3 : $6560; +0.32 percent MET/L

U.S. ECONOMIC DATA DUE ON WEDNESDAY

1000 Existing home sales for Aug: Expected 5.46 mln; Prior 5.44 mln

1000 Existing home sales percentage change for Aug: Expected 0.3 pct; Prior -1.3 pct

1400 Fed funds target rate: Expected 1.0-1.25 pct; Prior 1.0-1.25 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$1.22)

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