Sept 26 (Reuters) - Stock futures pointed to a higher opening for Canada's main stock index on Wednesday ahead of the U.S. Federal Reserve's decision on monetary policy later in the day.
With the Federal Reserve widely expected to raise interest rates, financial markets are focused on whether signs of an acceleration in U.S. economic growth will prompt the central bank to ramp up the pace of monetary policy tightening. futures on the S&P/TSX index SXFc1 were up 0.22 percent at 7:00 a.m. ET.
The Toronto Stock Exchange's S&P/TSX GSPTSE fell 47.82 points, or 0.3 percent, to 16,159.50 on Tuesday. Jones Industrial Average e-mini futures 1YMc1 were up 0.18 percent at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.20 percent and Nasdaq 100 e-mini futures NQc1 were up 0.23 percent. .N
TOP STORIES TOP/CAN
A potentially "catastrophic" incident involving an Air Canada AC.TO passenger jet that overflew other aircraft at close range on a San Francisco International Airport taxiway was the result of crew errors, the U.S. National Transportation Safety Board (NTSB) said on Tuesday. RESEARCH HIGHLIGHTS RCH/CA
Aurora Cannabis Inc ACB.TO . Canaccord Genuity raises target price to C$13 from C$11
DHX Media Ltd DHX.TO . CIBC cuts target price to C$2 from C$3
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCc2 : $1198.2; -0.13 percent GOL/
US crude CLc1 : $72.1; -0.25 percent O/R
Brent crude LCOc1 : $81.66; -0.26 percent O/R
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0800 (approx.) Build permits number for Aug: Prior 1.229 mln
0800 (approx.) Build permits R change mm for Aug: Prior -5.7 pct
1000 New home sales-units for Aug: Expected 0.63 mln; Prior 0.627 mln
1000 New home sales change mm for Aug: Expected 0.5 pct; Prior -1.7 pct
1400 Fed funds target rate for 26 Sep: Expected 2-2.25 pct; Prior 1.75-2 pct
1400 Fed int on excess reserves for 26 Sep: Prior 1.95 pct
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