Equities in Canada’s largest centre were set to open lower on Wednesday on weakness in crude and gold prices, with investors awaiting economic growth data that influence the central bank’s rate-hike plans.
The TSX withered 323.22 points, or 1.6%, to close Tuesday at 19,512.90.
Futures were down 0.2% Wednesday.
On the economic front, Statistics Canada reported real gross domestic product rose 0.8% in the second quarter, driven by increased business investment in inventories, non-residential structures, machinery and equipment, and household spending on services and semi-durable goods.
The TSX Venture Exchange dropped eight points to finish Tuesday at 635.33.
Stock futures were slightly higher Wednesday after Wall Street’s losing streak stretched into its third day and endangered the market’s recent summer rebound.
Futures for the Dow Jones Industrials fell 41 points, or 0.1%, early Friday to 32,227.
Futures for the S&P 500 dipped 10.75 points, or 0.3%, … Read more