Futures for Canada's main stock index were marginally lower on Thursday, as a drop in oil prices led to losses in energy shares.
The S&P/TSX Composite Index stayed lower 81.53 points to greet the closing bell Wednesday at 15,498.21
The Canadian dollar lost 0.11 cents to 76.65 cents U.S. early Thursday
December futures inched lower 0.1% Thursday
Kinder Morgan Canada’s third-quarter profit surged as it recorded a one-time gain of $1.31-billion from the sale of its TransMountain pipeline. Moreover, CIBC cut the price target on Kinder Morgan to $16 from $17
Private equity giant Blackstone Group has quit a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group's A$3.35-billion bid.
JP Morgan cut the rating on Calfrac Well Services to underweight from neutral
National Bank of Canada raises price target on Imperial Oil to $46.00 from $45.00
On the economic calendar, Statistics Canada reported that 464,700. Canadians drew regular employment insurance during August. That’s down 7,400, or 1.6%, from the month before.
ON BAYSTREET
The TSX Venture Exchange sank 11.55 points, or 1.6%, Tuesday to 699.81
ON WALLSTREET
U.S. stock index futures pointed to a downward open as investors digested comments from the Federal Reserve's most recent meeting that showed the central bank was leaning toward more rate hikes moving forward.
Futures for the Dow Jones Industrials stumbled 113 points, or 0.4%, to 25,623
S&P 500 futures settled 15 points, or 0.5%, to 2,801.25, while futures for the NASDAQ composite slumped 45.5 points, or 0.6%, to 7,267.75
Equity markets around the world have set their focus on rising interest rates and a slew of corporate earnings for the third quarter.
On the earnings front, Travelers, Bank of NY Mellon and Blackstone are expected to report before the bell. Meanwhile, American Express and Paypal are expected to report after the bell.
The Fed minutes showed the central bank is still convinced tighter monetary policy is the best course of action for the economy to remain steady.
On the data front, U.S. jobless claims are expected at 8:30 a.m. ET, followed by a Philadelphia Fed Business Outlook Survey.
Overseas, in Japan, the Nikkei 225 dumped 0.8% Thursday, while in Hong Kong, markets returned from holiday, as the Hang Seng index let to of 7.71 points, or less than 1%.
Oil prices dumped $1.09 to $68.66 U.S. a barrel.
Gold prices nicked up 60 cents to $1,228 U.S. an ounce.
Related Stories
