Futures for Canada's main stock index were muted on Wednesday ahead of the earnings season and U.S. inflation data later this week that investors are watching for potential clues on interest rate cuts.
The TSX Composite handed over 103.93 points to finish Tuesday at 20,970.98.
March futures inched up 0.02% Wednesday.
The Canadian dollar took on 0.09 cents to 74.77 cents U.S.
CIBC cut its rating on Canadian National Railway to "neutral" from "outperformer", while Barclays raised its target price on the railroad operator to $170 from $155.
ON BAYSTREET
The TSX Venture Exchange slid 1.73 points Tuesday to 554.42.
ON WALLSTREET
Stock futures were little changed Wednesday, with investors awaiting the release of fresh U.S. inflation data and earnings.
Futures for the Dow Jones Industrials faded 14 points to 37,749.
Futures for the S&P 500 eked ahead one point at 4,793.75.
Futures for the NASDAQ added 13.25 points, or 0.1%, to 16,843.50.
Cryptocurrency exchange Coinbase dropped 3% and rival Marathon Digital fell nearly 5%, respectively, as bitcoin prices declined. The price movement came on the back of an incorrect announcement posted to the U.S. Securities and Exchange Commission’s X account, saying that it had approved bitcoin ETFs.
Earnings heats up Friday with results from major financial heavyweights including JPMorgan Chase and Bank of America, along with UnitedHealth Group and Delta Air Lines
In Japan, the Nikkei 225 marched ahead 2%, while in Hong Kong, the Hang Seng Index fell 0.6%.
Oil prices grew 81 cents to $73.05 U.S. a barrel.
Gold prices shone brighter $4.30 to $2,037.30 U.S. an ounce.
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