Canadian Stocks May Struggle On Final Session Of Year -- Canadian Commentary

(RTTNews) - Canadian stocks are poised to end 2014 on a relatively downbeat note Wednesday, with falling crude oil prices likely to weigh on the energy sector for a second day in a row.

The S&P/TSX composite index was down 23.88 points to end Tuesday at 14,640.04. Barring a major move in either direction today, the TSX index will end 2014 up more than 7 percent for the year.

Energy stocks will remain in focus amid signs that markets are exceptionally oversupplied. U.S. crude for February was down $1.10 at $53.02 on the New York Mercantile Exchange this morning.

In corporate news, Bombardier Inc's (BBD_B.TO, BBD_A.TO) announced GE Capital Aviation has bought five Q400 NextGen aircraft and has also taken options on an additional 10 Q400 NextGen aircraft.

The company also signed a firm order for 24 CRJ900 NextGen planes to an undisclosed customer, worth about $1.14-billion.