Sep 30 (Reuters) - Futures tracking Canada's main stock index edged higher on Wednesday as investors awaited key US inflation data that could offer fresh clues on the Federal Reserve's policy outlook.
December futures on the S&P/TSX index were up 0.1% at 06:33 a.m. ET (1033 GMT).
The US GDP and Personal Consumption Expenditures inflation reports due later in the day were expected to be the main market catalysts, with a stronger-than-expected inflation reading likely to extend the recent rise in global bond yields
Brent crude was on track for a monthly gain of about 14%, its biggest since July, as investors grappled with persistent supply disruptions in the Middle East.
Gold prices also firmed, though the metal remained on course for a monthly loss as expectations of higher interest rates weighed on sentiment
Trade tensions between the US and Canada came into the spotlight after Washington's ban on many Canadian alcoholic beverages, motorcycles and dairy products took effect on Tuesday
Canada's benchmark S&P/TSX composite index (.GSPTSE), was set to snap a five-month winning streak following a turbulent September marked by rising global bond yields, a Fed rate hike and escalating Canada-US trade tensions
Still, the index was on track to post a ninth straight quarterly gain, its longest such streak on record.
Prime Minister Mark Carney said Canada will hold Cleveland-Cliffs (CLF.N), accountable for its commitments after the steelmaker announced plans to idle production at an Ontario facility, putting hundreds of jobs at risk
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Reporting by Darshan Kumar and Ragini Mathur in Bengaluru; Editing by Tasim Zahid
