Asset manager Brookfield is seeking to buy the 50% stake in Spain's renewable power company X-elio it does not already own, Spanish newspaper Expansion reported. (Reporting by Shristi Achar A in Bengaluru; Editing by Maju Samuel)
Feb 15 (Reuters) - Futures for Canada's resource-heavy
main stock index fell on Wednesday as commodity prices declined,
while investors worried about the probability of further
monetary tightening by central banks.
March futures on the S&P/TSX index were down 0.6% at
6:45 a.m. ET.
Oil prices fell as an industry report from American
Petroleum Institute (API) pointed to a jump in U.S crude
inventory, while gold prices dropped as the dollar firmed. The Toronto Stock Exchange's S&P/TSX composite index ended flat on Tuesday as mixed U.S. inflation data
stoked worries that price pressures are not cooling as fast as
central banks would wish.
Investors will now focus on U.S. retail sales data due later
in the day for further clues on the Federal Reserve's tightening
path, which will also set the tone for expectations from other
central banks.
Meanwhile, data due at 8:15 a.m. ET is expected to show
Canada's housing starts fell in January, compared to December.
In earnings, Barrick Gold Corp beat analysts'
estimates for quarterly profit and also announced a new share
repurchase of up to $1 billion.
Energy company Suncor Energy Inc reported a
better-than-expected fourth-quarter profit on Tuesday, helped by
higher crude prices.
First Quantum also topped profit estimates, while a
senior minister said talks between Panama's government and the
metal miner have yielded "advances" in a dispute related to the
firm's copper mine.
In other news, eye-care company Bausch + Lomb Corp named Brent Saunders, the former chief executive of Allergan, as
its CEO and chairman.
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