Stock futures pointed to a higher opening for Canada's main stock index on Wednesday
The S&P/TSX composite index moved down 5.95 points to end the day, month and quarter at 14,902.44. June futures shot up 0.5% early Wednesday.
The Canadian dollar gained 0.23 cents to 79.09 cents U.S. early Wednesday.
Keyera Corp and midstream company Kinder Morgan Inc plan to build 4.8 million barrels of new crude oil storage in the marketing hub of Edmonton.
CIBC raised the price target on Belo Sun Mining to 70 cents from 40 cents.
National Bank Financial raised the target price on Empire Company to $102.00 from $99.00
Raymond James raised the rating on Tahoe Resources to outperform from market perform
The RBC Canadian Manufacturing Purchasing Managers' index data is due at 9:30 a.m. ET.
ON BAYSTREET
The TSX Venture Exchange faded 0.26 points Tuesday to 680.07
ON WALLSTREET
U.S. stock futures are in the red following a sharp drop Tuesday. But the move lower this morning is fairly muted.
Ahead of the opening bell, futures for the Dow Jones Industrials faded 61 points, or 0.3%, to 17,642. Futures for the S&P 500 dropped 7.75 points, or 0.4%, to 2,053, and futures for the NASDAQ slid 14.75 points, or 0.3%, to 4,314.75.
Shares in GoDaddy will begin trading this morning on the New York Stock Exchange under the ticker symbol 'GDDY'. The company priced shares at $20 U.S. each -- slightly higher than originally expected -- raising $460 million U.S. for the firm.
This values the company at around $3 billion U.S., even though it hasn't made a profit since 2009.
Monsanto is reporting quarterly results ahead of the open.
On the economic front, ADP is releasing its March employment report this morning.
In Europe, stock markets are all rising in early trading, recovering from Tuesday's fall.
Chinese markets jumped following the data release. The Shanghai Composite index was the standout performer with a 1.7% gain, though other key indices in Asia dropped.
Oil prices were unchanged at $47.60 U.S. a barrel
Gold prices improved $2.10 to $1,185.30 U.S. an ounce.
