- Oops!Something went wrong.Please try again later.
Futures for Canada's main stock index inched lower on Thursday, a day after the benchmark index hit a record high, tracking weakness in crude prices.
The TSX Composite 101.2 points to end Wednesday at 21188.19, yet another all-time high for the index.
The Canadian dollar shed 0.08 cents to 81.05 cents U.S.
December futures were down 0.1% Thursday.
Canada will unveil plans on Thursday for a vaccine passport, a government source said on Wednesday, with Prime Minister Justin Trudeau laying out how the proof-of-vaccination method will be implemented.
Activist investor Elliott Management Corp has a big stake in Canadian National Railway the Wall Street Journal reported on Wednesday.
CIBC cut the rating on Cascades Inc. to neutral from outperform.
CIBC cuts target price on Fortis Inc. to $58 from $59
Scotiabank raised the rating on Stella-Jones to outperform from sector perform.
On the economic calendar, Statistics Canada reported prices for new homes increased 0.4% in September, with prices up in 13 of the 27 census metropolitan areas (CMAs) surveyed.
The agency went on to say five CMAs saw a decline in new home prices, the largest number of CMAs with a price decrease since March 2020. Prices were unchanged in the remaining CMAs.
The TSX Venture Exchange nicked up 2.49 points Wednesday to 952.87.
Stock futures declined in early trading on Thursday after the blue-chip Dow Jones Industrial Average retook its record high in the prior session amid solid corporate earnings.
Futures for the Dow Jones Industrials dropped 96 points, or 0.3%, to 35,381.
Futures for the S&P 500 slid 13 points, or 0.3%, to 4,515.
Futures for the NASDAQ Composite Index fell 59 points, or 0.4%, to 15,318.50.
IBM shares lost more than 4% in premarket trading following a revenue miss in the third quarter. Its top two business segments — global services and the Cloud & Cognitive Software business — fell short of estimates.
Tesla shares dipped by 1% in premarket trading even after the electric-car maker posted record earnings and revenue in the third quarter that beat expectations.
Railroad giant CSX jumped more than 3% in extended trading following a stronger-than-expected earnings report.
On Wednesday, the Food and Drug Administration authorized booster shots of both Johnson & Johnson and Moderna’s Covid vaccines, a critical step in distributing extra doses to tens of millions of people. U.S. regulators also approved “mixing and matching” vaccines.
Overseas, in Japan, the Nikkei 225 stumbled 1.9% Thursday, while in Hong Kong, the Hang Seng fell 0.5%.
Oil prices sank 45 cents to $82.97 U.S. a barrel.
Gold prices $4.50 to $1,780.40 U.S. an ounce.