Stock futures indicated a lower start for equities in Toronto as investors turned risk-averse amid fears that Britain's impending exit from the European Union would slow global economic growth
The S&P/TSX Composite lost 39.3 points to finish Tuesday at 14,219.57
The Canadian dollar skidded 0.31 cents to 76.72 cents U.S. early Wednesday
Canadian Natural Resources said that it has started its 35-day turnaround at the Horizon Oil Sands facility, a turnaround which reportedly includes full shutdown of production.
Canaccord Genuity cut the target price on Centerra Gold to $7.50 from $10.00 based on the announcement of a definitive agreement to acquire Thompson Creek Metals.
Cogeco Communications reports earnings today, expecting Q3 figures of $1.47 per share
COGECO Inc. expects Q3 earnings of $1.66 per share
Theratechnologies expects Q2 earnings of two cents per share
On the economic agenda, Statistics Canada reported that Canada's exports fell 0.7% to $41.1 billion in May, while imports eased 0.8% to $44.4 billion. As a result, Canada's merchandise trade deficit with the world in May was virtually unchanged from April at $3.3 billion.
ON BAYSTREET
The TSX Venture Exchange gained 2.27 points Tuesday to 750.09
ON WALLSTREET
U.S. stock futures are all slipping Wednesday morning, as uncertainty is gripping world markets.
Ahead of the opening bell, futures for the Dow Jones Industrials dumped 103 points, or 0.6%, to 17,659, while futures for the S&P 500 dipped 12 points, or 0.6%, to 2,070.75. NASDAQ futures slid 29 points, or 0.7%, to 4,375.
Walgreens Boot Alliance is the key company reporting earnings ahead of the opening bell.
The U.S. Federal Reserve is releasing the minutes from its latest monetary policy meeting at 2 p.m. ET. The meeting took place in the middle of June.
During that meeting, the central bank decided to keep interest rates steady, in part due to concerns about the upcoming Brexit vote in the U.K.
All major European markets are dropping in early trading. Asian stock markets ended the day with mixed results. The Nikkei plunged during the day but then recovered a bit, closing with a loss of 1.9%
Oil prices faded 57 cents to $46.03 U.S. a barrel
Gold prices hiked $13.60 to $1,372.20 U.S. an ounce.
