june 16 reuters  futures for canadas resourceheavy stock index edged up on friday tracking higher metal prices and global optimism around the us federal reserve ending its monetary tightening campaign soon futures on the sptsx index were up 02 at 740 am et canadas benchmark index gsptse was on track to post its best week since midapril helped by gains in the technology sptttk and consumer discretionary gspttcd sectors metal prices rose on friday as the dollar weakened while a bleak global economic outlook dragged oil prices lower global shares too rose to 14month highs as investors took the view that the federal reserve may not need to raise rates much more traders are pricing in just one more 25basispoint rate hike expected in july according to cmegroups fedwatch tool back home data on thursday indicated further signs of recovery in the housing market in may following a yearlong slump a factor that could support additional bank of canada boc interest rate hikes the boc is expected to raise interest rate again in july to 500 after a surprise 25bps increase last week investors will also keep an eye out for domestic producer prices and retail sales data due next week commodities at 740 am et gold futures  19685 03 us crude  705 02 brent crude  7564 004 us economic data due on friday university of michigan june consumer sentiment survey 1  13224 canadian dollars