Futures for Canada's main stock index were subdued on Wednesday, as investors remained cautious amid renewed global restrictions to curb the spread of Omicron variant cases.
The S&P/TSX Composite ballooned 386.65 points, or 1.9%, to close business Tuesday at 20,924.87.
The Canadian dollar inched up 0.1 cents to 77.48 cents U.S.
March futures were virtually unchanged Wednesday.
Cloud-based service provider Dye & Durham said on Tuesday it will acquire Australia-listed Link Administration Holdings Ltd for about $3.2 billion.
BlackBerry beat Wall Street estimates for third-quarter revenue on Tuesday, helped by sustained demand for its cybersecurity and Internet of Things products.
CIBC cut the rating on Bank of Montreal to neutral from outperform. Meanwhile, Scotiabank also lowered its rating on "The First Canadian Bank" to sector perform from sector outperform.
Scotiabank raised the target price on Canadian National Railway to $166.00 from $160.00
ON BAYSTREET
The TSX Venture Exchange rebounded 26.83 points, or 3%, Tuesday to 909.46.
ON WALLSTREET
Stock futures were mostly inching higher Wednesday morning a day after the major averages rebounded from a three-day losing streak spurred by fears about the omicron COVID variant.
Futures for the Dow Jones Industrials gained 30 points, or 0.1%, to 35,411.
Futures for the S&P 500 docked 1.75 points to 4,639.
Futures for the NASDAQ fell 28.25 points, or 0.2%, to 15,951.75.
Caterpillar rose 1% in pre-market trading after Bernstein upgraded the stock, saying the machinery maker will be a key beneficiary of a rebound in global growth.
Tesla shares gained 2% in pre-market trading after Elon Musk said in a podcast that he had reached his goal of selling 10% his shares for tax reasons.
Investors are looking forward to economic data being released Wednesday morning, including new home purchases, existing home sales, Gross Domestic Product and consumer confidence numbers.
Overseas, in Japan, the Nikkei 225 gained 0.2% Wednesday, while the Hang Seng in Hong Kong picked up 0.6%.
Oil prices gained six cents to $71.18 U.S. a barrel.
Gold prices acquired five dollars to $1,793.70 U.S. an ounce.
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