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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