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Canada’s main stock index was set to open higher on Wednesday, a day after posting its worst performance in over two months, as the bourse tracked an uptick in crude oil prices. The TSX was pummeled 237.2 points, or 1.5%, to conclude trading Tuesday at 20,242.07. June futures on the S&P/TSX index eked up 0.2% Wednesday morning. The Canadian dollar was unchanged at 74.19 cents U.S. Among company news, an investor consortium including Reuters News parent Thomson Reuters and U.S. buyout firm Blackstone sold shares worth about $3.41 billion in market operator London Stock Exchange Group. Credit Suisse and Stifel FirstEnergy turned bullish on oil refining firm Gibson Energy. In the economic docket, Statistics Canada said foreign investors reduced their exposure to Canadian securities by $19.1 billion in March, the largest divestment since September 2022. Meanwhile, Canadian investors reduced their holdings of foreign securities by $5.6 billion in March, a fourth consecutive monthly divestment. Meanwhile, the Canadian Real Estate Association said MLS listings show national home sales jumped by double digits on a month-over-month basis. National home sales surged 11.3% month-over-month in April. Actual (not seasonally adjusted) monthly activity came in 19.5% below April 2022. ON BAYSTREET The TSX […]
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