Stock futures for Canada's main stock index rose on Wednesday, ahead of Bank of Canada's interest rate decision.
The S&P/TSX Composite Index tumbled 211.38 points, or 1.4%, to end Tuesday to 15,063.59
The Canadian dollar lost 0.11 cents at 75.32 U.S. early Wednesday
December futures advanced 0.4% Tuesday.
Hudson's Bay Co reported a bigger third-quarter loss as depreciation and amortization expenses rose and joint venture losses increased.
Two major pipelines carrying oil from Canada to the United States were hit by weather-related disruptions on Tuesday, the latest hit to Canada's oil industry just days after the Alberta government announced forced cuts in crude production.
Canadian Natural Resources forecast a 2019 capital budget about $1 billion lower than last year, blaming a lack of market access for its oil and "dysfunctional" government processes.
Barclays cut the price target on Bank of Montreal to $103.00 from $105.00
Desjardins upgraded the rating on Dollarama to buy from hold
National Bank of Canada raised the price target on Thomson Reuters to $73.00 from $69.00
The Bank of Canada is scheduled to announce its decision at 10:00 a.m. ET and is expected by analysts to keep rates unchanged
ON BAYSTREET
The TSX Venture Exchange tumbled 11.5 points, or 2%, to finish Tuesday at 572.13
Overseas, in Japan, the Nikkei 225 hesitated 0.5% Wednesday, while in Hong Kong, the Hang Seng index tumbled 1.6%
Oil prices gained $1.02 to $53.97 U.S. a barrel.
Gold prices added $5.50 to $1,245.10 U.S. an ounce.
ON WALLSTREET
On Wednesday, U.S. equity, option and fixed income markets will be closed due to the declaration of a National Day of Mourning to honour former President George H.W. Bush.
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