Markets in Toronto were hoping for a respite from all the doom and gloom Wednesday, in search of a rally that would lead it out of its recent slump.
The S&P/TSX composite index lost 70.99 points to close at 13,411.63. The index has lost 8.7% this year, trailing only Singapore and Greece among developed markets.
The Canadian dollar was flat at 75.34 cents U.S. early Wednesday
Banks are closed Wednesday for Remembrance Day
ON BAYSTREET
The TSX Venture Exchange dropped 2.24 points Tuesday to 531.48
ON WALLSTREET
U.S. stock futures are rising alongside key European markets. This follows two days of lackluster moves.
Ahead of the opening bell, futures for the Dow Jones hiked 61 points, or 0.3%, to 17,777, futures for the S&P 500 gained 6.5 points, or 0.3%, to 2,084.5, and futures for the NASDAQ moved forward 16.25 points, or 0.4%, to 4,659.25.
An earnings update from Macy's is due ahead of the open.
This afternoon, quarterly reports will come through from Popeyes and Flowers Foods, which is the company behind Nature's Own and Wonder bread.
The world's two biggest beer brewers have formally agreed to combine their businesses in a deal worth roughly £71 billion ($107 billion U.S.).
Anheuser-Busch InBev is offering £44 in cash for each SABMiller share, but there's an option for some investors to receive shares instead of cash.
China's biggest shopping day of the year is smashing records again, with total transactions already surpassing $10 billion U.S.
The annual online shopping festival is China's version of "Cyber Monday."
Within the first eight minutes, customers had spent $1 billion U.S. on Alibaba's popular shopping platforms, Taobao and Tmall.
The results are boosting shares premarket in Alibaba, JD.com, and Yahoo, which owns a large stake in Alibaba.
The world's two biggest beer brewers have formally agreed to combine their businesses in a deal worth roughly £71 billion ($107 billion U.S).
Asian markets ended with mixed results, but the key Chinese index closed with modest gains.
Oil prices docked 40 cents to $43.81 U.S. a barrel
Gold prices settled $1.42 to $1,088.25 U.S. an ounce.
