Energy Sector The Focus On Bay Street -- Canadian Commentary

(RTTNews) - Canadian stocks may steady Wednesday morning after starting August on a relatively downbeat note.

Toronto's main index fell from near 11-month highs in the previous session, but rebounding oil prices could improve the mood on Bay Street.

WTI light sweet crude for September was up 25 cents at $39.76 a barrel, but remain near the lowest since April.

The Energy Information Administration is due to release its weekly petroleum status report for the week ended July 29th at 10:30 am ET.

Enbridge (ENB.TO) and Marathon Petroleum will buy a Bakken pipeline stake for $2-billion.

Husky Energy's (HSE.TO) China subsidiary has agreed with with CNOOC Limited for the price adjustment of natural gas from Liwan fields.

Genworth MI Canada (MIC.TO) released a profit for second quarter that decreased 12% from last year.

Sun Life (SLF.TO) will acquire PWD Hong Kong's pension business, expanding further in Asia.