Futures for Canada's main index fell on Thursday, tracking lower commodity prices as interest rate hikes by major central banks further dampened risk sentiment.
The TSX lost 48.19 points to conclude Wednesday at 19,705.95.
Futures were down 0.5% Thursday.
The Canadian dollar was flat at 75.97 cents U.S.
Company-wise, mining firm Algoma Steel Group posted a bigger-than-expected loss for the fourth quarter.
ON BAYSTREET
The TSX Venture Exchange dropped 4.49 points Wednesday to 608.26.
ON WALLSTREET
Stock futures were lower Thursday after the market suffered three consecutive days of declines as the tech-powered rally faded.
Futures for the Dow Jones Industrials tumbled 123 points, or 0.4%, to 34,112. The 30-stock index slipped 0.3% Wednesday.
Futures for the S&P 500 fell 15.5 points, or 0.4%, to 4,393.75.
The S&P 500 slid 0.5% on Wednesday, marking its worst daily performance in June. The equity benchmark is now down 1% week to date, on pace to break a five-week win streak. This comes after the broader market index hit its highest level in more than a year last week.
Futures for the NASDAQ Composite sank 67.75 points, or 0.5%, to 14,976.25. NASDAQ fell 1.2% Wednesday, suffering its worst daily performance since June 7. Big winner in artificial intelligence AMD dropped 5.7% Wednesday, while Intel retreated 6%.
Investors this week are taking profits on some of the winners that have been leading the stock market’s breakout. Tesla shares were down 3% in premarket trading after the second major Wall Street bank in as many days downgraded the high-flying retail trader darling that has doubled this year.
In Japan, the Nikkei 225 dropped 0.9% Thursday, while markets in Hong Kong were closed for holiday.
Oil prices cratered $1.62 to $70.91 U.S. a barrel.
Gold prices slid $5.80 to $1,939.10. U.S. an ounce.
