Futures pointed to a higher opening for Canada's main stock index on Wednesday as oil prices inched higher.
The S&P/TSX Composite Index was negative 15.79 points to finish Tuesday at 15,149.57
September futures improved 0.2% early Wednesday.
The Canadian dollar gained 0.13 cents to 79.31 cents early Wednesday
TD Securities cut the rating on CRH Medical to hold from buy
Paradigm Capital revises rating on Dominion Diamond to tender from buy
On matters macroeconomic, Statistics Canada reported that manufacturing in Canada jumped for the third consecutive month, up 1.1% to $54.6 billion in May, which the agency attributes to higher sales in the transportation equipment and chemical manufacturing industries.
ON BAYSTREET
The TSX Venture Exchange gained 1.39 points Tuesday to 762.56
ON WALLSTREET
U.S. stock index futures pointed to a higher open on Wednesday, as investors brace themselves for another slew of corporate earnings reports.
Ahead of the opening bell, futures for the Dow Jones Industrials picked up one point to 21,521. Futures for the S&P 500 inched up 1.25 points, or 0.1%, to 2,459. NASDAQ futures advanced 14.5 points, or 0.3%, to 5,897.25
In earnings news, Morgan Stanley and M&T Bank were among the companies that reported before the bell. Both banks topped Wall Street expectations.
American Express, Qualcomm and T-Mobile US are some of the major names set to report after the close
Investors will also be gearing up for a slew of data, from Housing Starts to Building Permits. Mortgage Applications took on 6.3%.
News out of Washington D.C. is expected to keep investors on their toes, as Republicans continue to grapple with health-care difficulties.
The party's new drive to repeal Obamacare without implementing an immediate replacement has already shown signs of struggle, after three GOP senators announced that they wouldn't support the repeal without an instant replacement.
European markets were mostly in the green approaching noon Wednesday, while the Nikkei 225 in Japan regained 0.1%. Shanghai’s CSI 300 strode forward 1.7%.
Oil prices inched ahead 10 cents to $46.50 U.S. per barrel.
Gold prices faded 50 cents to $1,241.40 U.S. an ounce.
