A surprise victory of U.S. Republican Donald Trump over Democrat Hillary Clinton in the race for the White House augmented uncertainty in the markets, pushing Canada and U.S. stock index futures lower
The S&P/TSX Composite stayed positive 4.39 points to close Tuesday at 14,656.84
The Canadian dollar dipped 0.08 cents to 74.45 cents U.S. early Wednesday.
HudBay Minerals has suspended operations at its Constancia copper mine in Peru after "trespassers" from a nearby highland town occupied the open pit area. The decision was necessary to ensure the safety of employees and the people in the mine site,
National Bank Financial raised the rating on DHX Media to outperform, based on the company’s updated outlook ahead of first-quarter reporting
CIBC raised the target price on WSP Global to $44.00 from $42.00 to reflect an improved U.S. outlook offset by a lower contribution from Canada.
ON BAYSTREET
The TSX Venture Exchange fell 1.02 points Tuesday to 756.85
ON WALLSTREET
Stock index futures came well off session lows after Hillary Clinton conceded the U.S. presidential election to Donald Trump.
Ahead of the opening bell, futures for the Dow Jones Industrials tumbled 237 points, or 1.3%, to 18,048, after earlier falling 800 points. Futures for the S&P 500 got trounced 30.25 points, or 1.4%, to 2,105.25 NASDAQ futures fell 96 points, or 2%, to 4,706.25
One expert said it's not clear whether Trump would be as disruptive as the markets worry he could be, since it's unclear what parts of his platform would be pursued and what type of individuals he would choose for his Cabinet.
One media outlet projected Republicans would retain control of the House and the Senate. Wall Street had favoured a win by Clinton but Republican control of Congress.
Oil prices dipped one cent to $44.97 U.S. a barrel
Gold prices hiked $29.10 at $1,303.90 U.S. an ounce.
