Stock futures pointed to a higher opening for Canada's main stock index on Wednesday ahead of the U.S. Federal Reserve's decision on monetary policy later in the day.
The S&P/TSX Composite Index dropped 47.82 points to conclude Tuesday trading at 16,159.50
The Canadian dollar dipped 0.02 cents to 77.17 cents U.S. early Wednesday
December futures improved 0.2% Wednesday
A potentially "catastrophic" incident involving an Air Canada passenger jet that overflew other aircraft at close range on a San Francisco International Airport taxiway was the result of crew errors, the U.S. National Transportation Safety Board (NTSB) said on Tuesday.
Canaccord Genuity raised the target price on Aurora Cannabis to $13.00 from $11.00
CIBC cut the target price on DHX Media to $2.00 from $3.00
ON BAYSTREET
The TSX Venture Exchange dropped 5.54 points Tuesday to 708.68
ON WALLSTREET
U.S. stock index futures posted slight gains ahead of Wednesday's open as investors looked ahead to the Federal Reserve's latest monetary-policy decision.
Futures for the Dow Jones Industrials gained 33 points, or 0.1%, to 26,553
S&P 500 futures gained 4.75 points, or 0.2%, to 2,926, while futures for the NASDAQ composite added 14.75 points, or 0.2%, to 7,610
CarMax Inc. is among the firms reporting earnings Wednesday morning.
Tensions remain high in the ongoing U.S.-China trade row. During a speech to the United Nations General Assembly on Tuesday, President Donald Trump defended his administration's stance on trade in general, telling international leaders that the U.S. would no longer endure "such abuse," but act in its "national interest" when it feels like it's being duped.
Trump went on to criticize the Organization of the Petroleum Exporting Countries and OPEC nations, stating that the group was "ripping off" the rest of the world and taking advantage by delivering high oil prices.
Overseas, in Japan, the Nikkei 225 gained 0.4% Wednesday, while in Hong Kong, markets returned solidly from a holiday, as the Hang Seng sprang up 1.2%.
Oil prices sank 35 cents at $71.93 U.S. a barrel.
Gold prices faded $3.40 to $1,201.70 U.S. an ounce.
