Futures on Canada’s main stock index were slightly firmer as oil prices reversed course to trade higher after falling nearly a full percentage point.
The S&P/TSX Composite Index leaped 211.35 points, or 1.6%, to finish Tuesday at 13,775.19, with June futures inching up 0.05% Wednesday.
The Canadian dollar strengthened 0.17 cents to 77.64 cents U.S. early Wednesday.
Kinross Gold Corp reported lower-than-expected quarterly revenue as the world's fifth biggest gold miner struggled with lower realized gold prices.
InnVest Real Estate Investment said that it has entered into an agreement to be bought by Bluesky Hotels and Resorts.
Raymond James cut the rating on Chinook Energy to underperform from market perform
Paradigm Capital raised the target price on Lundin Mining to $7.75 from $6.50; with a buy rating
TD Securities raised the target price on Trinidad Drilling to $2.75 from $2.50, with a buy rating
ON BAYSTREET
The TSX Venture Exchange strengthened 3.68 points Tuesday to 661.10.
ON WALLSTREET
U.S. stock futures are taking a step back after all the main indexes surged by 1.3% on Tuesday.
Ahead of the opening bell, futures for the Dow Jones Industrials dropped 35 points, or 0.2%, to 17,818, while futures for the S&P 500 dipped 2.75 points, or 0.1%, to 2,074.75. NASDAQ futures fell 4.75 points, or 0.1%, to 4,387.25
Shares in Staples and Office Depot are crashing in pre-market trading after they called off their merger plans.
The U.S. Federal Trade Commission said last year that combining the two companies would give them too large a chunk of the office supply retail market -- which would violate antitrust laws.
Shares in Disney could slump at the open after the company reported second-quarter results that missed expectations. The firm's cable networks, parks and resorts dragged down earnings.
Fossil Group shares are set to fall when trading commences Wednesday after the company reported disappointing earnings and noted that the strong U.S. dollar was hurting sales.
Shares in the video games developer Electronic Arts look set to rise after the company reported better-than-expected earnings.
There are a few earnings and economic updates investors will be watching Wednesday.
Wendy's and Macy's are among the main companies releasing quarterly results before the open.
The weekly crude oil inventory report from the U.S. Energy Information Administration is set to be released at 10:30 a.m. ET.
Oil prices nicked higher 14 cents to $44.80 U.S. a barrel
Gold prices rose $12.35 to $1,278.19 U.S. an ounce.
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