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Toronto futures inched lower on Wednesday as oil prices slipped, while investors awaited domestic economic data and minutes from the U.S. Federal Reserve’s July policy meeting to assess the interest rate trajectory. The TSX collapsed 303.1 points, or 1.5%, to observe the closing bell Tuesday at 19,987.44. September futures sank 0.1% Wednesday. The Canadian dollar was flat at 74.14 cents U.S. Suncor Energy said on Tuesday it is continuing talks with French oil major TotalEnergies about buying its nearly one-third stake in the Fort Hills oil sands mine. Global bus manufacturer NFI Group and pot producer Cresco Labs will report quarterly results later in the day. Economically speaking, Statistics Canada notifies us wholesale sales fell 2.8% to $80.5 billion in June., while Canada Mortgage and Housing Corporation informed us that housing starts fell sharply in July to 255,000, from June’s 281,573. ON BAYSTREET The TSX Venture Exchange stumbled 7.59 points, or 1.3%, Tuesday to 589.48. ON WALLSTREET Stock futures are near flat Wednesday as traders awaited the release of the minutes from the Federal Reserve’s July meeting minutes. Wall Street was coming off a losing session that marked the latest leg down in an August slump. Futures for the […]
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