Futures for Canada's main stock index edged higher on Wednesday, as oil prices rose on expectations that U.S. sanctions on Iran will tighten supply and strain the ability of Saudi Arabia and other producers to pump more.
The S&P/TSX Composite Index withered 87.2 points to conclude Tuesday at 16,017.23
The Canadian dollar fell 0.06 cents to 77.92 cents U.S. early Wednesday
December futures faded 0.3% Wednesday
Husky Energy said on Tuesday it had formally offered to acquire all the outstanding common shares of MEG Energy.
The Canadian Food Inspection Agency said on Tuesday grocery and drugstore chain Loblaw Cos is recalling certain $10 chicken fries in the wake of a potential Salmonella contamination.
Raymond James raised the target price on Canadian Pacific Railway to $305.00 from $285.00
CIBC cut the price target on Corus Entertainment to $7.00 from $8.00
ON BAYSTREET
The TSX Venture Exchange fell back 3.67 points Tuesday to 704.46
ON WALLSTREET
U.S. stock index futures ticked higher ahead of Wednesday's open after the release of better-than-expected jobs data.
Futures for the Dow Jones Industrials picked up 90 points, or 0.3%, to 26,987
S&P 500 futures hiked 10.5 points, or 0.4%, to 2,939, while futures for the NASDAQ composite zoomed 31 points, or 0.4%, to 7,683.75
Private payrolls increased by 230,000 in September — the most since February — according to a report from ADP and Moody's Analytics.
Economists polled by Refinitiv (formerly Thomson Reuters) expected a gain of 185,000. The report is often seen as a preview to the government's non-farm payrolls report, which is set for release Friday morning.
Other data scheduled for release include the Institute for Supply Management non-manufacturing index at 10 a.m. ET.
Microsoft CEO Satya Nadella is expected to take part in a moderated discussion at The Economic Club of Chicago.
Overseas, in Japan, the Nikkei 225 dipped 0.7% Wednesday, while in Hong Kong, the Hang Seng fell 0.1%
Oil prices nicked up three cents to $75.26 U.S. a barrel.
Gold prices slid $2.40 to $1,204.60 U.S. an ounce.
