Investors in Canada’s largest market were poised to put year-long lows behind them Wednesday, as exchanges offshore continued to move downward.
The TSX Composite wilted 19.13 points by Tuesday’s close to 18,307.91.
Futures for Wednesday were not available at press time.
The Canadian dollar dropped 0.3 cents to 72.56 cents U.S.
ON BAYSTREET
The TSX Venture Exchange recovered 6.52 points, or 1.2%, Tuesday to 573.91.
ON WALLSTREET
Stock futures fell Wednesday as traders struggle to find their footing after the S&P 500 notched a fresh bear market low in the previous session.
Futures for the Dow Jones Industrials slid 93 points, or 0.3%, early Wednesday to 29,110.
Futures for the S&P 500 let go of 19 points, or 0.5%, to 3,642.
Futures for the NASDAQ Composite Index lost 110 points, or 1%. at 11,223.75.
Stock futures pared earlier losses after the Bank of England said it would temporarily purchase long-dated U.K. government bonds in an effort to stabilize the plunging British pound. Sterling briefly popped on the news before trading 0.5% lower against the dollar at $1.0647.
In Japan, the Nikkei 225 collapsed 1.5%, while in Hong Kong, the Hang Seng fell 3.4%.
Oil prices took on a nickel to $78.55 U.S. a barrel.
Gold prices docked 80 cents to $1,648.30 U.S. an ounce.