Stock futures pointed to a lower opening for Canada's main stock index on Thursday as oil prices dipped after hitting a near two-and-a-half year high a day earlier.
The S&P/TSX Composite Index gained 32.89 points to finish trading on Wednesday at 16,198.16.
The Canadian dollar gained 0.25 cents to 79.3 cents U.S. Thursday morning.
March futures lost 0.05% Thursday.
Potash Corp of Saskatchewan Inc. and Agrium Inc. have received final regulatory clearance to merge, forming a new company to be known as Nutrien
ON BAYSTREET
The TSX Venture Exchange jumped 16.65 points Wednesday to 826.95
ON WALLSTREET
U.S. stock index futures are posting modest gains ahead of Thursday's open, as investors turn their attention to what the next year will bring for markets.
Futures for the Dow Jones Industrials gained 39 points, or 0.2%, to 24,827
S&P 500 futures picked up 1.75 points, or 0.1%, to 2,687.25, while futures on the NASDAQ Composite index zoomed 15.5 points, or 0.2%, to 6,469.50
In individual stock news, retailers will be of key importance, as investors await news as to how the industry performed during the festive period.
Meantime, Apple and Amazon are reportedly in licensing talks with Riyadh, when it comes to investing in Saudi Arabia
No earnings are set to be released.
As the light trade continues, investors stateside will be turning their focus to a fresh batch of economic data. This morning, jobless claims and advance economic indicators are both due.
Overseas, Japan’s Nikkei 225 backpedaled 0.6%. In Hong Kong, the Hang Seng Index was up 0.9%
Oil prices nicked up three cents to $59.67 U.S. per barrel.
Gold prices acquired 70 cents to $1,292.10 U.S. an ounce.
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