Stock futures pointed to a lower start for equities in Toronto as oil prices slipped further and investors were cautious ahead of the release of minutes of the U.S. Federal Reserve's policy meeting.
The S&P/TSX composite index remained negative 57.66 points to end Tuesday at 14,193.87
The Canadian dollar sank 0.06 cents to 76.53 cents U.S. early Wednesday
Greece's government is halting activity at Eldorado Gold’s mine operations in northern Greece because it has violated some terms, the country’s energy minister said on Wednesday. The investment by the Vancouver-based company in the Halkidiki region has been controversial and seen as a test case for Greece's will to attract foreign investment after years of austerity-induced recession.
CIBC raised the rating on Alamos Gold Inc to outperform from sector perform following the company’s solid second-quarter earnings.
AcuityAds Holdings reports Q2 earnings today, expecting a loss of four cents per share
ON BAYSTREET
The TSX Venture fell 7.87 points Tuesday to 563.44.
ON WALLSTREET
U.S. stock futures were sinking ahead of a wave of earnings reports. Global markets were mostly lower but China regained some poise after taking a dive earlier in the day.
Ahead of the opening bell, futures for the Dow Jones Industrials faded 75 points, or 0.4%, to 17,407, futures for the S&P fell seven points, or 0.3%, to 2,087, and futures for the NASDAQ were off 12.25 points, or 0.3%, to 4,531.75
Plenty of companies will open their books to investors on Wednesday. Target, Lowe's, Staples, Hormel Foods and American Eagle -- along with a handful of others -- are due to report quarterly earnings ahead of the open.
Victoria's Secret owner L Brands is among the companies reporting after the close.
It's a light day for economic news, with July's consumer price index numbers released by the U.S. Bureau of Labor Statistics.
European markets lost ground in early trading, with Germany's DAX down 1% and France's CAC losing 0.9%.
Asian markets ended mixed. Chinese stocks recovered from the previous session slump, but major indexes in Japan and Hong Kong closed down more than 1%.
Germany's parliament is expected to approve the latest Greek bailout Wednesday, a key hurdle to unlocking the first chunk of up to €86 billion ($95 billion U.S.) in aid for the cash-strapped country. Athens stock market added 0.3%.
Oil prices dipped 14 cents to $42.28 U.S. a barrel
Gold prices gained $4.20 to $1,121.10 U.S. an ounce.
