July 17 (Reuters) - Canada's main stock index futures edged up on Wednesday, as oil prices rose even after data showed U.S. crude inventories fell less than expected.
Last week, U.S. crude inventories fell less than expected, gasoline too decreased, while distillate rose, industry group the American Petroleum Institute said on Tuesday. futures on the S&P/TSX index SXFc1 were up 0.1% at 7:00 a.m. ET.
Canada's inflation and factory sales data are due at 8:30 a.m. ET
The Toronto Stock Exchange's S&P/TSX .GSPTSE fell 8.40 points, or 0.05%, to 16,502.42 on Tuesday. Jones Industrial Average e-mini futures 1YMc1 were up 0.05% at 7:00 a.m. ET, S&P 500 e-mini futures ESc1 0.04% and Nasdaq 100 e-mini futures NQc1 0.13%. .N
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Canadian Pacific Railway Ltd CP.TO : RBC raises price target to C$356 from C$342
Cogeco Communications Inc CCA.TO : CIBC raises target price to C$109 from C$103
Nfi Group Inc NFI.TO : CIBC cuts target price to C$41 from C$45
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCc2 : $1,404.2; -0.5% GOL/
US crude CLc1 : $58.01; +0.68% O/R
Brent crude LCOc1 : $64.97; +0.96% O/R
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Building permits number for June: Expected 1.3 mln; Prior 1.299 mln
0830 Build permits: change mm for June: Prior 0.7%
0830 Housing starts number for June: Expected 1.261 mln; Prior 1.269 mln
0830 House starts mm: change for June: Prior -0.9%
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($1= C$1.31)