Canada's benchmark index looked set to open lower on Thursday, as oil prices came under pressure from disappointing crude inventory report.
Stock futures for the December quarter on the S&P TSX index were down 0.1% recently.
Action Economics said the EIA's monthly report indicated that global crude output rose by 170,000 barrels per day in November, to the highest in a year. The agency said it expected supply growth to outstrip demand growth by 200,000 barrels per day in the first half of 2018 and sees U.S. production growth up 870,000 barrels per day in 2018.
Investors will also turn to the European Central Bank and the Bank of England, which are both expected to keep interest rates steady when they announce their policy decisions later in the day.
The TSX reached a new record high on Wednesday, with materials leading the advance.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
