Stock futures implied a slightly lower opening for markets in Canada’s largest centre on Wednesday as investors remained cautious after Tuesday’s deadly attacks in Brussels.
The S&P/TSX Composite Index fell 67.6 points to close Tuesday’s trading at 13,493.49, with June futures listing lower 0.1%
The Canadian dollar faltered 0.26 cents to 76.39 cents U.S. early Wednesday.
The launch customer for Bombardier's new CSeries jetliner, Swiss International Air Lines, said on Wednesday it was confident of receiving the jet by June and that it planned to begin services in the third quarter.
Canaccord Genuity increased the target price on Precision Drilling to $6.50 from $4.25
ON BAYSTREET
The TSX Venture Exchange gained 1.47 points Tuesday to 583.88
ON WALLSTREET
U.S. stock futures are holding near Tuesday's closing levels as the U.S. dollar strengthens against major currencies
Ahead of the opening bell, futures for the Dow Jones Industrials faltered 12 points, or 0.1%, to 17,492, futures for the S&P 500 doffed 0.75 points to 2,041.75. NASDAQ futures dipped 0.25 points to 4,434.25
Shares in Nike look set to drop at the open after it reported quarterly results after the closing bell.
The "Just Do It" sports apparel company reported sales growth of 8% and net income up 20% from the same period last year. But it seems investors had been expecting better.
Shares in Gilead Sciences are set to drop at the open amid media reports that a court issued an unfavourable verdict for the company. Merck reportedly won a case that allows it to seek royalty payments from Gilead for hepatitis C drugs.
General Mills is one of the main companies reporting earnings Wednesday. Results were to come before the opening bell.
In the way of economic data, the U.S. Census Bureau is reporting February new home sales at 10 a.m. ET. And the U.S. government releases its weekly crude oil inventory data at 10:30 a.m.
All major European stock markets are stepping up in early trading. Most Asian markets ended the day in the red, but the losses weren't dramatic.
Oil prices fell 30 cents to $41.15 U.S. a barrel
Gold prices sank $22.25 to $1,226.07 U.S. an ounce.
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