March futures on the S&P/TSX index were down 0.3% at 0710 a.m. ET (1210 GMT).
Crude prices fell as a surprise jump in U.S. crude stocks weighed on the market, along with recession fears after economic data showed a fall in American retail sales and production at U.S. factories. [O/R]
Across the border, U.S futures also slipped as investors await comments from more Fed officials after St. Louis Fed President James Bullard and Cleveland Fed President Loretta Mester on Wednesday stressed on the need to raise rates beyond 5%. [.N]
The Toronto Stock Exchange's S&P/TSX composite index ended 0.4% lower on Wednesday, snapping an eight-day winning streak. [.TO]
In company news, Delta 9 Cannabis Inc forecast its fourth-quarter revenue to be between $17.2 million and $17.7 million.
Truist Securities raised its price target on e-commerce firm Shopify Inc to $41 from $35.
COMMODITIES AT 7:10 a.m. ET
Gold futures: $1,909.02; +0.1% [GOL/]
US crude: $78.75; -0.93% [O/R]
Brent crude: $84.39; -0.68% [O/R]
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
Canadian markets directory
($1 = 1.3497 Canadian dollars)
(Reporting by Shristi Achar A in Bengaluru; Editing by Sherry Jacob-Phillips)
