Futures for Canada's main stock index dipped in low trading volumes on Wednesday as oil prices receded, while investors awaited more cues on the future path of rate cuts in the U.S. and Canada.
The TSX Composite Index gained 23.42 points to wrap up Tuesday at 21,611.30.
The Canadian dollar eked up 0.04 cents to 72.94 cents U.S.
Futures were slid 0.1% Wednesday.
On the TSX, materials stocks are likely to see another day of gains as copper prices were supported by ore supply shortages and a soft U.S. dollar, but gains were capped by Chinese demand concerns. Ero Copper is in the picture.
On the flip side, energy stocks were poised for declines on easing oil prices, as the market weighed concerns about escalating conflicts against demand worries from rising U.S. crude inventories. Look for developments from Imperial Oil Wednesday.
In Japan, the Nikkei 225 poked up 0.2% Wednesday, while the Hang Seng in Hong Kong popped 2.9%.
Oil prices fell thre cents to $84.54 U.S. a barrel.
Gold prices sank $2.20 to $2,344.70 U.S. an ounce.
ON BAYSTREET
The TSX Venture Exchange stayed above water 2.7 points Tuesday to 575.63.
ON WALLSTREET
Markets south of the border are shuttered Wednesday for the “Juneteenth” holiday. They will resume trading Thursday.
U.S. Markets Closed for “Juneteenth”
