Canadian stock futures fell on Wednesday, a day after the benchmark TSX index hit its highest since February, as traders booked profits ahead of the U.S. Thanksgiving holiday.
The TSX zoomed 179.72 points, or 1.1%, to end Tuesday’s session at 17,274.25.
The Canadian dollar docked 0.12 cents Wednesday at 76.82 cents U.S.
December futures fell 0.2% Wednesday.
Enbridge said on Tuesday it had filed a federal complaint in the United States District Court seeking an injunction to stop the State of Michigan from taking any steps to prevent the operation of Line 5.
Cessna business jet maker Textron has agreed to sell a portion of its flight simulation and training business to CAE for $40 million in cash.
National Bank of Canada raised the target price on Boralex to $43.00 from $42.00
CIBC raised the target price on Dollarama to $55.00 from $54.00
CIBC raised the rating on Linamar Corp to "outperform" from "neutral"
ON BAYSTREET
The TSX Venture Exchange tumbled 8.74 points, or 1.2%, to close Tuesday at 734.95.
ON WALLSTREET
Dow Jones Industrial Average futures were slightly lower on Wednesday a day after the benchmark topped a significant milestone.
Futures for the 30-stock index dipped 21 points, or 0.1%, to 29,977.
Futures for the S&P 500 inched up two points, or 0.1%, at 3,634.75.
Futures for the NASDAQ Composite vaulted 43.75 points, or 0.4%, to 12,119.75
The blue-chip Dow broke above 30,000 for the first time on Tuesday, rallying more than 400 points. Tuesday’s rally put the Dow on pace for its biggest monthly gain since 1987, up more than 13%. The S&P 500, meanwhile, posted an all-time closing high on Tuesday, rising 1.6%.
Earlier this week, AstraZeneca said an early analysis showed its vaccine candidate had an average efficacy of 70%.
Meanwhile, the Trump administration made federal resources available to President-elect Joe Biden’s team for his transition into office. Traders have also cheered the naming of former Federal Reserve Chair Janet Yellen as Treasury Secretary.
Markets will be closed Thursday for Thanksgiving, with an abbreviated session on Friday.
Overseas, in Japan, the Nikkei 225 captured 0.5%, while in Hong Kong, the Hang Seng index gained 0.3%
Oil prices added 29 cents to $45.20 U.S. a barrel.
Gold prices improved $6.70 to $1,811.30 U.S.
