Futures for Canada's main stock index rose on Wednesday, helped by gains in oil prices.
The S&P/TSX Composite Index grew 101.02 points Tuesday to close at 14,605.15
The Canadian dollar inched up 0.03 cents at 75.51 U.S. early Wednesday
March futures gained 0.2% Wednesday.
Husky Energy said on Tuesday it would conduct a strategic review and is considering a sale of its non-core downstream assets.
Pan American Silver Corp's $1.07-billion cash-and-stock offer to buy rival Tahoe Resources Inc was approved by shareholders of both companies on Tuesday, putting responsibility for Guatemala's troubled Escobal mine in the hands of a new owner.
RBC raised the price target on Quebecor to $34.00 from $33.00
RBC raised the price target to $73.00 from $70.00
The Bank of Canada is out with its latest rate announcement this morning (10 a.m. ET)
Elsewhere, on the economic front, Canada Mortgage and Housing Corporation was due out this morning with home sales figures for December.
ON BAYSTREET
The TSX Venture Exchange faltered 2.37 points Tuesday to 588.26
ON WALLSTREET
U.S. stock futures rose slightly on Wednesday following news that the U.S. and China had concluded mid-level trade talks.
Futures for the Dow Jones Industrial Average vaulted 116 points, or 0.5%, to 23,859
Futures for the S&P 500 gained 10.5 points, or 0.4%, to 2,583
NASDAQ futures jumped 33.75 points, or 0.5%, to 6,591.
Shares of Boeing rose 0.8% in the pre-market.
Investor focus will also likely be attuned to political developments, as the U.S. government shutdown showed no signs of letting up.
President Donald Trump delivered an address on immigration and border security Tuesday night, where he made his case for the proposed wall along the U.S.-Mexico border, a key sticking point inhibiting progress toward a funding deal to re-open the government.
Discussions between Washington and Beijing over trade concluded, the Chinese foreign ministry said Wednesday. Both countries have been engaged in a tense sparring of tariffs, targeting billions of dollars’ worth of imports in each other’s economies with levies.
Traders are likely to monitor talks from several Federal Reserve policymakers Wednesday. Fed Chairman Jerome Powell assuaged investor concerns last week, saying at a panel discussion that the U.S. central bank “will be patient” with monetary policy.
Overseas, in Japan, the Nikkei 225 increased 1.1% Wednesday, while in Hong Kong, the Hang Seng index jumped 2.3%
Oil prices gained $1.43 to $51.21 U.S. a barrel.
Gold prices dipped $1.90 to $1,284 U.S. an ounce.
Related Stories
