March 13 - Futures for Canada's resources-heavy stock index were muted as investors await more U.S. economic data this week to adjust their expectations for the Federal Reserve's monetary policy path, though gains in commodity prices offered some support. March futures on the S&P/TSX index were up 0.1% at 6:45 a.m. ET on Wednesday.
Mining stocks are poised to rebound as copper prices hit a near two-year high in China after Chinese smelters sought output cuts.Investors would assess the economic data from the United States including monthly readings of producer prices index and retail sales, which are due later in the week, for further clues about the health of the economy.
Global equities rallied after the CPI data on Tuesday, with the Toronto Stock Exchange's S&P/TSX composite index , opens new tab ending near a two-year high.Packaging company Transcontinental , opens new tab beat adjusted profit per share estimates for the first quarter on Wednesday.
Source: Financial Digest (financialdigest.net)
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