TSX futures down despite oil prices holding steady
Stock futures pointed to a lower opening for Canada's main stock index on Thursday even as oil prices steadied after U.S. data showed a big fall in crude stockpiles.
Oil prices steadied on Thursday after U.S. data showed a big fall in crude stockpiles but also an increase in production, taking U.S. crude output to its highest in more than two years.
Oil prices were little changed on Tuesday as the U.S. dollar climbed and signs of weaker petroleum demand in China weighed the market down for a second day.
London-based M&G, which owns 19.4 per cent of Gibson's outstanding shares, released an open letter laying out its views of the company and the steps it could take to maximize value, including being sold.