Futures linked to Canada's stock index were subdued on Wednesday as investors weighed positive quarterly results from National Bank of Canada, alongside the ongoing trade war with the U.S.
The TSX surged 243.51 points to end Tuesday at 36,957.63.
Futures on the S&P/TSX index were flat Wednesday, after the benchmark index logged a record high in the previous session.
The Canadian dollar dropped 0.18 cents to 72.09 cents U.S.
National Bank of Canada reported a rise in third-quarter profit, driven by a robust performance in its wealth management segment.
The latest results add to a series of stronger-than-expected quarterly results by Bank of Montreal and Bank of Nova Scotia on Tuesday, which helped the TSX notch a record high.
Traders kept an eye on the ongoing trade war with the U.S. after Canada hit back with retaliatory tariffs on about $20 billion worth of U.S. annual imports, matching Washington's latest duties dollar-for-dollar.
ON BAYSTREET
The TSX Venture Exchange jumped 17 points, or 1.7%, Tuesday to 1,010.93.
ON WALLSTREET
Stock futures were little changed Wednesday ahead of the release of key U.S. inflation data along with Nvidia’s latest quarterly results.
Futures for the Dow Jones Industrials decreased three points to 53,642.
Futures for the S&P 500 slipped three points to 7,698.50.
Futures for the NASDAQ Composite dipped 23.25 points, or 0.1%, to 29,253.50.
The major averages are coming off a winning session, boosted by falling yields and lower oil prices. The S&P 500 gained 0.3% in regular trading, while the NASDAQ Composite advanced 0.7%. The Dow climbed 160.24 points, or 0.3%, its third consecutive positive day.
July’s personal consumption expenditures price index, a monthly report detailing changes in prices of goods and services and the Federal Reserve’s preferred metric of inflation, is set to be released on Wednesday at 8:30 a.m. ET.
Economists polled by Dow Jones expect a month-over-month increase of 0.1% and a year-over-year increase of 3.6%.
Nvidia is set to report its earnings for the second quarter on Wednesday after the bell. Wall Street projects earnings per share of $2.09 on $92.28 billion in revenue.
The report could be a bellwether for the broader market, given the chipmaker is the largest S&P 500 member, with a market cap of more than $5 trillion.
In Japan, the Nikkei 225 index gained 0.6% Wednesday, while in Hong Kong, the Hang Seng progressed 0.6%.
Oil prices let go of $2.09 to $80.27 U.S. a barrel.
Gold prices handed over $20.50 to $4,674 U.S an ounce.
