Futures on the S&P/TSX index were down 0.1% at 6:52 a.m. ET (1152 GMT), while their U.S. counterparts were mixed. [.N]

Gold prices gained more than 1% as the dollar fell, while oil prices were also on the rise, though the gains were capped by worries about demand from top consumer China. [GOL/] [O/R]

The BOJ shocked markets on Tuesday with a surprise tweak to its bond yield control that allows long-term interest rates to rise more - a move that was widely seen as the beginning of a potential end to Japan's ultra-loose monetary policy.

The policy shift has dealt a further blow to risk sentiment after major central banks last week stuck to their hawkish stance, dampening hopes of a year-end rally.

On the docket, Canadian retail sales data will come out before markets open, with expectations of a 1.5% increase in the month of October versus a reading of a decline of 0.5% a month earlier.

The benchmark Canadian index ended lower for the fourth straight session on Monday, its lowest closing level since Nov. 3.

Among single stocks to look out for, auto parts maker Magna International Inc said it had agreed to buy Veoneer Active Safety business for $1.53 billion in cash to bolster its portfolio of self-driving technology.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by Shailesh Kuber)