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December futures on the S&P/TSX index were up 0.6% at 07:06 a.m. ET, setting the index on course to snap a four-day losing streak.
The Toronto Stock Exchange’s S&P/TSX composite index ended nearly 2% lower on Tuesday, hitting a 19-month low as worries about a global recession unnerved investors returning from a long weekend. (TO)
Crude prices were supported by oil supply concerns following last week’s OPEC+ production targets, while a weaker dollar made gold more lustrous to buyers. [O/R] [GOL/]
Investors were focused on minutes from the Federal Open Market Committee meeting in September and producer prices data for clues on the U.S. Federal Reserve’s rate hike path. [.N]
Cameco (NYSE:CCJ) Corp and Brookfield Renewable Partners (NYSE:BEP) said after markets closed on Tuesday that they would acquire nuclear power plant equipment maker Westinghouse Electric in a $7.9 billion deal including debt, as an energy crisis in Europe renewed interest in nuclear power.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report (TO)
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
Canadian markets directory
($1= C$1.3)
