Equity markets in Canada’s largest centre were set for a slightly lower start on Wednesday as investors awaited the Bank of Canada's interest rate decision.
The S&P/TSX Composite Index moved to within 3.68 points of breakeven to close Tuesday at 15,727.11. June futures hesitated 0.1% on Wednesday.
The Canadian dollar poked ahead 0.06 cents at 75.08 cents U.S. early Wednesday.
Shaw Communications reported a 13.3% rise in quarterly revenue, driven by the addition of more wireless customers.
TD Securities raised the rating on Capstone Mining to buy from hold
National Bank Financial cut the target price on TFI International to $37.00 from $40.00
The Bank of Canada is due out about 10 a.m. EDT with its rate decision, and is widely expected to hold rates at 0.5%, where they have stayed since the bank cut twice in 2015.
ON BAYSTREET
The TSX Venture Exchange took on four points Tuesday to 829.34
ON WALLSTREET
U.S. stock index futures pointed to a slightly lower open on Wednesday morning as U.S. Secretary of State Rex Tillerson meets his Russian counterpart Sergey Lavrov in Moscow.
Ahead of the opening bell, futures for the Dow Jones Industrials slumped 20 points, or 0.1%, to 20,573. Futures for the S&P 500 stepped back 4.75 points, or 0.2%, to 2,346.25. NASDAQ futures faded 8.75 points, or 0.2%, to 5,393.
Among company earnings, Delta Airlines rose after the company posted quarterly results. Davids Tea and Pier 1 Imports are due to report after the market close.
Tillerson and Lavrov are expected to discuss Ukraine, counter-terrorism and a Russia's continued support for Syria's Bashar Assad.
Wednesday will see the release of import/export prices at 8:30 a.m. ET and, later, the federal budget at 2 p.m. ET.
European stocks were up by noon on the continent, while Japan’s Nikkei 225 index faded 1%, while the CSI 300 slid 0.2%.
Oil prices gained 21 cents to $53.61 U.S. per barrel.
Gold prices advanced $2.40 to $1,276.60 U.S. an ounce.
Related Stories
