March 10 (Reuters) - Futures for Canada's main stock index edged up ahead of the central bank's interest rate decision on Wednesday, with a fall in bullion prices capping gains on the resources-focused index.
The Bank of Canada's next policy move will be to taper its asset purchase programme following a solid economic rebound and sustained growth later this year, according to a majority of economists in a Reuters poll. bank will announce its interest rate decision at 10:00 a.m. ET, and is expected to hold it at 0.25%.
March futures on the S&P/TSX index SXFc1 were up 0.05% at 7:00 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended 0.96% higher at 18,634.75 on Tuesday.
Dow Jones Industrial Average e-mini futures 1YMc1 were up 0.13% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.13% and Nasdaq 100 e-mini futures NQc1 were down 0.45%. .N
TOP STORIES TOP/CAN
Inter Pipeline Ltd IPL.TO on Tuesday asked shareholders to reject Brookfield Infrastructure Partners' BIP.N hostile bid, saying the offer "significantly undervalues" the Canadian oil and gas transportation company. RESEARCH HIGHLIGHTS RCH/CA
ABC Technologies Holdings ABCT.TO : J.P. Morgan initiates with "overweight" rating; PT C$14
Secure Energy Services Inc SES.TO : National Bank of Canada ups PT to C$5.50 from C$4
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2 : $1,127.7; -+1.0% GOL/
US crude CLc1 : $46.39; -+0.64% O/R
Brent crude LCOc1 : $49.85; -+0.6% O/R
U.S. ECONOMIC DATA DUE ON WEDNESDAY
0830 Core CPI mm, SA for Feb : Expected 0.2%; Prior 0.0%
0830 Core CPI yy, NSA for Feb : Expected 1.4%; Prior 1.4%
0830 CPI Index, NSA for Feb : Expected 263.082; Prior 261.582
0830 Core CPI Index, SA for Feb : Prior 270.03
0830 CPI mm, SA for Feb : Expected 0.4%; Prior 0.3%
0830 CPI yy, NSA for Feb : Expected 1.7%; Prior 1.4%
0830 Real weekly earnings mm for Feb : Expected 0.1%; Prior 0.8%
0830 CPI mm NSA for Feb : Prior 0.430%
0830 CPI Index SA for Feb : Prior 262.230
0830 CPI Wage Earner for Feb : Prior 255.296
1000 Cleveland fed CPI for Feb : Prior 0.1%
1100 Refinitiv IPSOS PCSI for Mar : Prior 50.92
1400 Federal budget for Feb : Expected -$265.00 bln; Prior - $163.00 bln
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Reuters global stocks poll for Canada EQUITYPOLL1 EPOLL/CA
Canadian markets directory CANADA ($1= C$1.27)