Futures tied to Canada's main stock index were subdued on Wednesday, as investors paused after a record rally in the previous session and awaited U.S. producer price data due later in the day for insights into tariff-induced inflation.
The TSX Composite Index gained 35.28 points to finish Tuesday’s session to 29.063.01.
The Canadian dollar let go of 0.06 cents to 72.16 cents U.S.
Futures were up 0.1% Wednesday.
Meanwhile, expectations that the Bank of Canada will resume its easing cycles have supported market sentiment since last Friday, following disappointing jobs data.
ON BAYSTREET
The TSX Venture Exchange subtracted 2.71 points Tuesday to 861.22
ON WALLSTREET
S&P 500 futures rose Wednesday, boosted by a positive forecast from Oracle, as traders looked ahead to the release of new inflation data.
Futures for the Dow Jones Industrials dipped 49 points, or 0.1%, to 45,708.
Futures for the much-broader index gained 18.25 points, or 0.3%, at 6,540.
Futures for the NASDAQ hiked 51.75 points, or 0.2%, to 23,925.75.
Shares of Oracle surged more than 30% after the tech old guard reported that multicloud database revenue from Amazon, Google and Microsoft grew at the eye-popping rate of 1,529% in its last quarter, fueled by demand for AI servers.
Investors were encouraged by the upbeat cloud forecast even as the latest earnings fell short.
In Japan, the Nikkei 225 gained 0.9% Wednesday, while in Hong Kong, the Hang Seng hiked 1%.
Oil prices captured 62 cents to $63.25 U.S. a barrel.
Gold prices tallied $7.10 at $3,689.30 U.S. per ounce.
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