Oct 20 (Reuters) - Futures for Canada's main stock index edged higher on Wednesday, boosted by stronger gold prices, while investors awaited inflation data later in the day for cues on the domestic economy.
December futures on the SP/TSX index were up 0.1% at 7:00 a.m. ET.
Spot gold gained 0.5% buoyed by a softer dollar, while oil prices dropped after the Chinese government stepped up efforts to tame record high coal prices.
Energy stocks could open lower tracking weakness in crude prices.
Canada's annual inflation likely rose 4.3% in September up from 4.1% in August, according to a forecast of analysts polled by Reuters. The data is due at 08:30 a.m. ET.
The Toronto Stock Exchange's SP/TSX composite index ended 0.5% higher at 21,086.99 on Tuesday, a record closing high.
Dow e-minis were down 2 points, or 0.01% at 7:00 a.m. ET, while SP 500 e-minis were down 0.75 points, or 0.02%, and Nasdaq 100 e-minis were up 3 points, or 0.02%.
Canadian National Railway said on Tuesday Chief Executive Officer Jean-Jacques Ruest will retire at the end of January, following investor demands for his exit after the railroad operator's failed bid for Kansas City Southern.
Blackline Safety Corp: Canaccord Genuity raises to “buy” from “hold”
I-80 Gold Corp: CIBC resumes coverage with “outperform” rating; Raises PT to C$5.50 from C$4.00
Sun Life Financial Inc: TD Securities raises target price to C$77 from C$73
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1778.5; +0.49%
US crude: $82; -1.16%
Brent crude: $82; -1.16%
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
$1= C$1.24 Reporting by Amal S in Bengaluru