CORRECTED-CANADA STOCKS-TSX futures inch higher ahead of U.S inflation data

(Corrects paragraph 8 to say Dye & Durham will file second-quarter results, not fourth quarter) Feb 13 (Reuters) - Futures for Canada's main resource-heavy stock index inched higher on Monday as investors awaited U.S. inflation data due later in the week, while declining commodity prices limited gains. March futures on the S&P/TSX index were up 0.1% at 6:54 a.m. ET. The Toronto Stock Exchange's S&P/TSX composite index ended 0.1% higher on Friday, but posted weekly declines as investor sentiment took a hit after strong domestic jobs data fanned rate hike fears.

Globally, markets were steady a day ahead of U.S. inflation data that would shape expectations for future interest rates. The data is expected to show core consumer prices rose 0.4% for January.

Meanwhile, oil and gold prices fell as the dollar gained. In Canadian company news, gold miner B2Gold Corp announced the acquisition of Sabina Gold & Silver Corp in a deal valued at C$1.1 billion ($823.66 million). Software company Dye & Durham Limited is expected to report its second quarter of FY23 results before markets open.

Exane BNP Paribas downgraded gold miner Barrick Gold Corp to "neutral" from "outperform". COMMODITIES AT 6:54 a.m. ET

Gold futures : $1,863.9; -0.1% US crude : $79.39; -0.41% Brent crude : $86.09; -0.35% FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = 1.3369 Canadian dollars) (Reporting by Shristi Achar A in Bengaluru; Editing by Devika Syamnath)

Reuters

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CORRECTED-CANADA STOCKS-TSX futures inch higher ahead of U.S inflation data

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