Futures for Canada's main stock index fell on Wednesday, after U.S. industry data showed a surprise buildup in crude inventories.
The TSX Composite Index stayed in positive territory till the close, gaining 18.84 points to 17,075.20
The Canadian dollar eked higher 0.03 cents U.S. to 76.01 cents early Wednesday
December futures dipped 0.1% Wednesday.
Endeavour Mining will not share information vital to assessing its value until an extension to a deadline for making an offer for Centamin is agreed, London-listed Centamin said.
Berenberg cut the price target on Endeavour to $28.00 from $29.10.
CIBC raised the price target on Altagas to $22 from $21.
Canaccord Genuity raised the price target on Fairfax India Holdings to $18.75 from $15.75.
On the economic slate, Statistics Canada reported 448,100 people received regular employment insurance benefits in October, similar to the previous month.
The agency also said its consumer price index rose 2.2% on a year-over-year basis in November, following a 1.9% increase in each of the previous three months.
On a seasonally-adjusted monthly basis, the CPI rose 0.1% in November.
ON BAYSTREET
The TSX Venture Exchange notched higher 1.94 points Tuesday to 543.55
ON WALLSTREET
U.S. stock index futures were little changed on Wednesday after Wall Street notched its fifth straight gain as investors digested weak earnings from shipping giant FedEx.
Futures for the Dow Jones Industrials squeezed 11 points Wednesday to 28,295
Futures for the S&P 500 acquired one point at 3,196.50.
The NASDAQ Composite inched higher four points, or 0.1% to 8,609.25.
On Tuesday, the S&P 500 posted its longest winning streak since November and had a record closing high along with the Dow and NASDAQ.
However, Wall Street headed for a slow start to the session after FedEx shares dropped more than 7% on disappointing quarterly numbers.
The company’s earnings and revenue missed analyst expectations. FedEx also cut its guidance for the rest of its fiscal year.
Stocks broke out to new records last week after President Donald Trump and Chinese officials announced that the world’s two largest economies had agreed on a so-called “phase-one” deal.
It is understood that Beijing agreed to billions of dollars in agricultural purchases from the U.S., while Trump said he would not move ahead with a new round of planned tariffs, among other items.
Overseas, in Japan, the Nikkei 225 fell 0.6% Wednesday, while in Hong Kong, the Hang Seng Index nosed up 0.2%.
Oil prices sank 29 cents at $60.85 U.S. a barrel.
Gold prices dipped $1.30 to $1,479.30 U.S. an ounce.
