Stocks to Inch up at Open

Cineplex, Spartan Delta in Focus

Futures for Canada's main stock index rose marginally on Wednesday, ahead of U.S. inflation data that will likely offer cues on the Federal Reserve's policy tightening path.

The TSX shed 90.87 points to close Tuesday at 19,578.30.

September futures for the TSX inched up 0.1% on Wednesday.

The Canadian dollar sneaked up 0.21 cents to 77.62 cents U.S.

Scotiabank assumed coverage on Cineplex with an outperform rating and price target of $20.00

CIBC cut the rating on Recipe Unlimited to tender from neutral.

National Bank of Canada raised the target price on Spartan Delta to $22.50 from $20.00


The TSX Venture Exchange docked 4.45 points Tuesday to 663.83.


U.S. stock futures rose on Wednesday morning after a key inflation reading showed a better-than-expected slowdown for rising prices.

Futures for the Dow Jones Industrials hiked 91 points, or 0.3%, early Wednesday to 32,828.

Futures for the S&P 500 acquired 15 points, or 0.4%, to 4,139.50.

Futures for the NASDAQ Composite rocketed 61 points, or 0.5% at 13,092.50.

Earnings season also continues, with Disney’s quarterly results due after the bell Wednesday.

The July consumer price index report showed a slowdown in headline inflation.

The Federal Reserve will weigh the report, along with other key economic data, ahead of its September meeting where it is slated to hike interest rates again.

In Japan, the Nikkei 225 surrendered 0.7% Wednesday. In Hong Kong, the Hang Seng sank 2%

Oil prices docked $1.28 to $89.22 U.S. a barrel.

Gold prices fell $4.10 to $1,808.20 U.S. an ounce.