- Futures for Canada's main stock index dipped in low trading volumes on Wednesday as oil prices receded, while investors awaited more cues on the future path of rate cuts in the U.S. and Canada.Trading is expected to be muted throughout the day as the U.S. markets are closed.
The benchmark index traded at its lowest level in two months in two out of the last three sessions, as resources shares dragged on the index. Meanwhile, lower-than-expected growth in retail sales in the U.S. on Tuesday revived some hopes of the Federal Reserve commencing its easing cycle in September.Ontario Teachers' Pension Plan , Canada's third largest pension fund, said it has laid off four dealmakers in Hong Kong on its Asia venture and growth equity investment team, which will now focus on India.
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