The Canadian dollar ticked up 0.01 of a cent to
U.S. futures were tepid with the Dow Jones industrial futures down two points to 16,750, the Nasdaq futures were unchanged at 3,794.5 and the S&P 500 futures added 1.1 points to 1,944.3.
Investors will take in the release of the final revision to U.S. first quarter gross domestic product. The data is expected to show that the economy shrank by two per cent in the period, largely due to harsh winter weather. That's about double the amount of contraction originally thought, but the damage was expected to be short-lived.
"Given the influence of temporary factors in Q1, growth should charge back to a 3.8 per cent pace in Q2 as inventory investment bounces back and as spending on consumer goods and business investment re-accelerates," said
U.S. durable goods orders for May are also on tap. It is expected that they grew one per cent month-over-month.
The TSX and
However, indexes in
Investors were also prompted to cash in their gains after fresh reports of violence in
On the commodity markets, August crude on the
Oil prices had risen steadily over the past couple of weeks amid a rising insurgency in
However, U.S. benchmark crude futures rose Wednesday after
Metal prices were lower with July copper off a cent to
On the corporate front,
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