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Stock impact report

CANADA STOCKS-TSX futures track fall in U.S. crude after rate cuts fail to support markets [Reuters]

Baytex Energy Corp Common Shares (BTE) 
Last baytex energy corp common shares earnings: 3/4 06:30 am Check Earnings Report
Company Research Source: Reuters
CANADA STOCKS-TSX futures track fall in U.S. crude after rate cuts fail to support markets March 16 (Reuters) - Canada’s main stock index futures dipped on Monday as U.S. crude prices fell after emergency rate cuts by the U.S. Federal Reserve and its global counterparts failed to reassure markets. The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the Fed slashing interest rates to near zero, pledging hundreds of billions of dollars in asset purchases and backstopping foreign authorities with the offer of cheap dollar financing. March futures on the S&P/TSX index were down 5% at 7:00 a.m. ET. The Toronto Stock Exchange’s TSX ended 9.66% lower at 13,716.33 on Friday. Dow Jones Industrial Average e-mini futures were down 4.53% at 7:00 a.m. ET, while S&P 500 e-mini futures were down 4.77% and Nasdaq 100 e-mini futures were down 4.54%. Canada’s financial regulator is reducing the Show less Read more
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