U.S. economic data awaited
Canadian stocks looked set to open higher on Wednesday, with September futures on up 0.2%
The S&P/TSX composite index gained 1.33 points to end Tuesday at 15,446.55
The Canadian dollar erased
Thomson Reuters Corp reported a 1% rise in revenue on growth in its Legal and Tax & Accounting divisions.
Cenovus Energy said its second-quarter profit more than tripled, helped by increased production at its
MEG Energy reported a second-quarter profit, compared with a year-earlier loss, helped by increased bitumen production in its oil sands operations and higher prices.
Torstar Corp reported a 7% decline in revenue in its media business, which publishes the country's largest daily newspaper, the
Barclays raised the price target on
On the economic beat, Statistics Canada reported this morning that its Industrial Product Price Index edged down 0.1% in June, mainly because of lower prices for motorized and recreational vehicles. The Raw Materials Price Index – released in conjunction with industrial products -- rose 1.1%, largely as a result of higher prices for crude energy products.
Ahead of the opening bell, futures for the Dow Jones Industrials gained 37 points, or 0.2%, to 16,882. Futures for the S&P 500 advanced five points, or 0.3%, to 1,968, and futures for the NASDAQ tacked on 15.25 points, or 0.4%, to 3,967.50.
Expect Twitter shares to soar when the opening bell rings. The stock is up by just over 25% pre-market after it posted surprisingly strong second-quarter sales.
Shares in Amgen were rising by about 3.5% pre-market after the company announced it was cutting up to 2,900 jobs, or about 12-15% of its workforce.
Sprint is among the big name companies posting results before the opening bell. Kraft Foods and Whole Foods will report after the close.
The markets were eagerly awaiting U.S. GDP data, which came out at
Payroll processing firm ADP was due to release July employment data at
European markets were all edging lower in midday trading, and shares in French energy producer Total fell by 2.5% as investors worried about its ties with
Oil prices picked up
Gold prices gained
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