July 31 (Reuters) - Stock futures for Canada's main stock index were little changed on Wednesday ahead of U.S. Federal Reserve's monetary policy decision, where central bankers are expected to cut interest rates for the first time in more than a decade.
The Fed is scheduled to release its rates decision at 2:00 p.m. ET (6:00 p.m. GMT) at the end of a two-day policy meeting. in focus is Canada's GDP and producer prices data, due at 8:30 a.m. ET.
September futures on the S&P/TSX index SXFc1 were up 0.03% at 7:00 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 26.12 points, or 0.16 percent, to 16,466.05 on Tuesday. Jones Industrial Average e-mini futures 1YMc1 were up 0.22% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.15% and Nasdaq 100 e-mini futures NQc1 were up 0.32%. .N
TOP STORIES TOP/CAN
The Trump administration said on Tuesday it would lift an Obama-era restriction on the world's biggest undeveloped gold and copper resource owned by Northern Dynasty Minerals Ltd NDM.TO . Power Generation Inc ONPWG.UL said on Tuesday its unit had entered a deal with affiliates of pipeline company TC Energy Corp TRP.TO to buy three natural gas-fired plants in Ontario for about C$2.87 billion. Vice President Mike Pence on Tuesday said that a new U.S.-Mexico-Canada trade deal needs to be approved without delay, but Democrats and organized labor said certain provisions must first be improved. RESEARCH HIGHLIGHTS RCH/CA
Air Canada AC.TO : RBC raises target price to C$57 from C$48
Equitable Group Inc EQB.TO : CIBC raises target price to C$100 from C$97
Genworth MI Canada Inc MIC.TO : CIBC raises target price to C$48 from C$46
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCc2 : $1435; +0.11 percent GOL/
US crude CLc1 : $58.45; +0.69 percent O/R
Brent crude LCOc1 : $65.14; +0.65 percent O/R
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0815 ADP (NASDAQ:ADP) national employment for Jul: Expected 150,000; Prior 102,000
0830 Employment wages QQ for Q2: Prior 0.7%
0830 Employment benefits QQ for Q2: Prior 0.7%
0830 Employment costs for Q2: Expected 0.7%; Prior 0.7%
0945 Chicago PMI for Jul: Expected 50.6; Prior 49.7
1400 Fed funds target rate for Jul: Expected 2-2.25%; Prior 2.25-2.5%
1400 Fed int on excess reserves for Jul: Prior 2.35%
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