Stock futures suggested Canada’s main stock index could shed gains on Wednesday after rebounding in the previous session, as the recovery in share markets lost steam.

March futures on the S&P TSX index were down 0.41 per cent at 7:15 a.m. ET.

Canadian building permits data for December is due at 8:30 a.m. ET

Canada's main stock index closed higher on Tuesday, reversing earlier falls as it followed a similar turnaround on Wall Street and benefited from gains among energy and industrial stocks.

Dow Jones Industrial Average e-mini futures were down 0.35 per cent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.43 percent and Nasdaq 100 e-mini futures were down 0.36 per cent.