(Reuters) – Futures tied to Canada’s main stock index were flat on Friday as investors stayed on the sidelines ahead of the latest U.S. inflation data, though the benchmark index eyed its second straight weekly gain.
March futures on the S&P/TSX index were flat at 7:05 a.m. ET (1205 GMT), while their U.S. counterparts edged lower. [.N]
The focus would remain on the November U.S. Personal Consumption Expenditure (PCE) index, the U.S. Federal Reserve’s preferred inflation gauge due at 8:30 a.m. ET.
Most economists polled by Reuters expect the price index to show a 2.8% rise annually in November, softening from a 3% increase the month before.
Domestic October GDP numbers would also be on the radar.
The Toronto Stock Exchange’s S&P/TSX composite index ended the previous session nearly 1% higher, with materials and financial stocks leading…
