Canadian stocks look to snap back Wednesday after the previous session saw an end to a long win streak.
Rising crude oil prices may help energy stocks resume their dramatic uptrend.
Crude oil for April was up 68 cents, or 1.9 percent, to $37.19 a barrel, just off its recent highs for 2016. Traders await official US inventories data.
On Tuesday, the S&P/TSX Composite Index dropped 72.55 points, or 0.5 percent, to 13,311.05.
Looking at today's corporate news, Valeant Pharma (VRX.TO) announced that Anders Lonner has stepped down as a director. Pershing's Stephen Fraidin and two other have joined its Board as independent directors.
Imperial Oil (IMO.TO) has sold its Esso gas stations to 7-Eleven, Parkland Fuel Inc. and Alimentation Couche-Tard for $2.8-billion.
Quebecor Inc. halved its 2015 fourth-quarter loss on higher revenues, the telecom company said.
Crescent Point Energy Corp. (CPG, CPG.TO) reported an adjusted profit, defying expectations for a quarterly loss. Still, the oil firm cut its dividend.
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Market Analysis
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.