Stock futures pointed to a lower opening for Canada's main stock index on Thursday
The S&P/TSX composite index tumbled 96.68 points to close Wednesday at 14,527.57. Thursday’s December futures came in 0.1% lower.
The Canadian dollar declined 0.08 cents to 89.32 cents U.S. early Thursday.
Bombardier reported a better-than-expected profit for the third quarter as the number of aircraft it delivered shot up nearly 60 percent.
Agnico Eagle Mines reported lower-than-expected adjusted earnings on Wednesday, partly due to increased spending on exploration. The company, however, raised its gold production forecasts for both this year and next due to strong operating results at its mines.
National Bank Financial cut the rating on Atco to sector perform from outperform.
Bank of Canada Governor Stephen Poloz Wednesday welcomed the U.S. Federal Reserve's decision to abandon its ultra-easy money policy, saying it showed the U.S. economy is gaining traction, but he warned that weaker oil prices would crimp Canadian growth.
ON BAYSTREET
The TSX Venture Exchange turned negative 6.95 points Wednesday to 781.07.
ON WALLSTREET
Futures promised a downward start to Thursday’s trading day, less than 24 hours after the U.S. Federal Reserve took the training wheels off and let the economic recovery pedal on its own.
Ahead of the opening bell, futures for the Dow Jones Industrials erased 61 points, or 0.4%, to 16,863. Futures for the S&P 500 slumped eight points, or 0.4%, to 1,964.25, and futures for the NASDAQ dipped 18.75 points, or 0.5%, to 4,053.50.
One standout performer ahead of the open is Visa. Shares are pushing up by about 4% pre-market after the company reported quarterly earnings that beat estimates.
The New York Times, MasterCard and Kellogg are set to report earnings before the opening bell.
LinkedIn, GoPro, Groupon and Starbucks will report after the close.
This morning, the U.S. Bureau of Economic Analysis will release its first official reading of gross domestic product for the third quarter. It's widely expected the economy grew by 3%, which would be solid, but not stellar.
Also, the U.S. Department of Labor will post data on weekly jobless claims.
European markets are mixed in early trading. The banking sector is looking particularly weak, especially among those banks that recently failed a regulatory health check.
Investors are watching various European economic figures coming in on unemployment, inflation and consumer confidence.
Asian markets were also muddled.
Oil prices gave back 80 cents to $81.40 U.S. a barrel
Gold prices fell $20.30 to $1,204.60 U.S. an ounce.
