Base and precious metals traded lower, while oil prices fell after a surprise rise in U.S. oil inventories in the possible sign of weakening demand. June futures on the S&P/TSX index were down 0.2% at 7:23 a.m. ET. Among company news, payments tech firm Nuvei Corp beat expectations for its first-quarter revenue.
Brokerage Scotiabank resumed coverage of digital healthcare firm WELL Health Technologies Corp with a sector "outperform" rating. Investors also await domestic March building permits data due later in the data, which is expected to fall 2.9%, as per a Reuters poll, from an 8.6% rise in the month previous.
In the previous session, the Toronto Stock Exchange's S&P/TSX composite index ended 0.5% up aided by gains in the energy and industrial sectors stocks. Dow e-minis were down 53 points, or 0.16% at 7:23 a.m. ET, while S&P 500 e-minis were down 4.25 points, or 0.1% and Nasdaq 100 e-minis were down 6.5 points, or 0.05%. COMMODITIES AT 7:23 a.m. ET
Gold futures : $2,029; -0.24% US crude : $72.84; -1.18% Brent crude : $76.57; -1.12% FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = 1.3372 Canadian dollars) (Reporting by Vansh Agarwal and Johann M Cherian in Bengaluru; Editing by Shweta Agarwal)
