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Currencies

Futures modestly lower ahead of OPEC meeting

TransCanada in focus


Stock futures pointed to a slightly lower start for Canada's main stock index on Thursday, with investors looking ahead to the outcome of an OPEC meeting later in the day.

The S&P/TSX composite index dipped 35.24 points to close Wednesday at 15,038.41, with December futures dipping 0.02%.

The Canadian dollar dipped 0.014 cents to 88.89 cents U.S. early Thursday.

Trading is likely to be subdued, with U.S. markets shut for the Thanksgiving holiday.

TransCanada Corp, under pressure from an activist hedge fund to overhaul its business, said on Wednesday its board adopted new bylaws that require advance notice of director nominations.

CIBC cuts target price on Foraco International to $0.35 from $0.65, with a sector perform rating.

ON BAYSTREET

The TSX Venture Exchange fell 9.58 points Wednesday to 771.06.

ON WALLSTREET

U.S. markets are closed for Thanksgiving.