TORONTO: Canada's main stock index was set to open lower on Wednesday as oil prices slipped following a report showing U.S. oil inventory increased.
The American Petroleum Institute trade group said on Tuesday that U.S. inventories rose by a larger-than-expected 9.9 million barrels last week, ahead of the Energy Information Administration's official supply report.
March futures on the S&P TSX index were down 0.13 percent at 7:15 a.m. ET.
Cannada manufacturing sales data for December is due at 8:30 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index posted a fresh record high on Tuesday as higher oil prices and bond yields supported energy and financials, while auto suppliers benefited from U.S. President Donald Trump's warm words for Canadian trade the day before.