Dec 15 (Reuters) - Stock futures pointed to a higher start
for Canada's main stock index on Tuesday as crude oil prices
recovered from multi-year lows and investors braced for the U.S.
Federal Reserve's interest rate decision this week.
The Fed, which begins its two-day policy meeting later in
the day, is widely expected to raise interest rates for the
first time in nearly a decade.
December futures on the S&P TSX index SXFc1 were up 0.52
percent at 7:30 a.m. ET.
Manufacturing sales data is due at 8:30 a.m. ET ECONCA .
The Toronto Stock Exchange's S&P/TSX composite index fell to
its lowest in more than two years on Monday, notching deep
losses for mining stocks while energy shares weakened despite
crude oil prices rebounding from near-11-year lows.
Dow Jones Industrial Average e-mini futures 1YMc1 were up
0.83 percent at 7:30 a.m. ET, while S&P 500 e-mini futures
Esc1 were up 0.78 percent and Nasdaq 100 e-mini futures NQc1
were up 0.60 percent. .N
(Morning News Call newsletter http://link.reuters.com/nex49s;
The Day Ahead newsletter http://link.reuters.com/mex49s)
TOP STORIES TOP/CAN
Commercial borrowing by small businesses in Canada climbed
in October, data from PayNet showed on Tuesday, a sign that
companies in the energy-dependent economy are adjusting to
sharply lower oil prices and showing signs of expanding once
more.
Department store operator Hudson's Bay Co HBC.TO is close
to a deal to buy online luxury retailer Gilt Groupe for about
$250 million, the Wall Street Journal reported, citing people
familiar with the matter.
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,064.60; -0.01 pct GOL/
US crude CLc1 : $36.60; +0.77 pct O/R
Brent crude LCOc1 : $38.41; +1.29 pct O/R
LME 3-month copper CMCU3 : $4,606.50; -1.42 pct MET/L
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Alamos Gold Inc AGI.TO : Canaccord Genuity raises rating to
"buy" from "hold"
Badger Daylighting Ltd BAD.TO : Canaccord Genuity starts
coverage with "buy" rating, C$31 price target
BCE Inc BCE.TO : National Bank Financial rates "sector
perform"; C$57 price target
U.S. ECONOMIC DATA DUE ON TUESDAY
0830 CPI mm, SA for Nov: Expected 0.0 pct; Prior 0.2 pct
0830 CPI yy, NSA for Nov: Expected 0.4 pct; Prior 0.2 pct
0830 Core CPI mm, SA for Nov: Expected 0.2 pct; Prior 0.2
pct
0830 Core CPI yy, NSA for Nov: Expected 2.0 pct; Prior 1.9
pct
0830 CPI Index, NSA for Nov: Expected 237.21; Prior 237.84
0830 Core CPI Index, SA for Nov: Prior 243.70
0830 Real weekly earnings mm for Nov: Expected 0.0 pct;
Prior 0.2 pct
0830 NY Fed Manufacturing for Dec: Expected -6; Prior -10.74
0855 Redbook mm: Prior -0.6 pct
0855 Redbook yy: Prior 1.9 pct
1000 NAHB Housing Market Index for Dec: Expected 63; Prior
62
1130 Cleveland Fed CPI for Nov: Prior 0.2 pct
1600 Net L-T flows, exswaps for Oct: Prior $33.6 bln
1600 Foreign buying, T-bonds for Oct: Prior $17.4 bln
1600 Overall net capital flow for Oct: Prior -$175.1 bln
1600 Net L-T flows, including swaps for Oct: Prior $20.4 bln
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$1.38)