Stock futures pointed to a near-flat opening for Canada's main stock index on Wednesday ahead of minutes from the U.S. Federal Reserve's meeting in September.
The S&P/TSX Composite lost 16.66 points to end Tuesday at 14,549.60. Futures inched up 0.1% Wednesday morning.
The Canadian dollar eked up 0.04 cents to 75.48 cents U.S. early Wednesday.
Canadian health benefit startup League Inc said it has teamed up with the insurance arm of backer Royal Bank of Canada as it expands into insurance, targeting the many small businesses offering no such benefits to employees.
CIBC cut the target price on Endeavour Silver to $5.00 from $6.00, saying that the company is well positioned to achieve its 2016 guidance, with an opportunity to beat on its gold production.
CIBC cut the rating on Interfor to sector perform from outperform, to reflect increased uncertainty about how pricing for cedar will respond to duties.
CIBC raised the target price on Teck Resources to $31.00 from $28.00, as the company manages through a period of abnormally low metallurgical coal prices
ON BAYSTREET
The TSX Venture Exchange dropped 8.13 points, or 1%, Tuesday to 772.67.
ON WALL STREET
U.S. stock index futures leaned to a flat to slightly lower open on Wednesday, as investors prepared themselves for the release of Federal Open Market Committee's latest set of minutes, while watching the oil price moves.
Ahead of the opening bell, futures for the Dow Jones Industrials declined 34 points, or 0.2%, to 18,036, while futures for the S&P 500 dipped 3.75 points, or 0.2%, to 2,130.75. NASDAQ futures faded 10.75 points, or 0.2%, at 4,816.25
On the earnings front, CSX Corporation is set to release its third-quarter financial and operating results after the market close on Wednesday.
Amid discussion around the upcoming U.S. election and fluctuation in the oil price, the Fed is back on the table with the minutes from its September meeting, due at 2.00 p.m. ET.
Investors will look over the minutes to spot any indications of when the U.S. central bank may choose to raise interest rates, while looking out for what the institution thinks about the current state of the economy.
Investors will also be on the lookout for the Job Openings and Labour Turnover Survey (JOLTS) release, due out at 10 a.m. ET. Mortgage applications, meanwhile, fell 6% last week.
Oil prices gained 21 cents to $51.00 U.S. a barrel
Gold prices fell $2.20 to $1,253.70 U.S. an ounce.
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