Futures linked to Canada's main stock index were little changed on Thursday, as higher commodity prices helped offset broader market caution following the benchmark's strongest session in three weeks.
The TSX popped 325.66 points, or 1.1%, to close Wednesday at 30,103.48, marking its biggest single-day gain since October 14. The rebound followed a string of losses and, if sustained, could push the index's weekly performance into positive territory.
December futures were flat Thursday.
The Canadian dollar eked up 0.03 cents to 70.94 cents U.S.
On the corporate front, Canadian Natural Resources posted a fall in third-quarter profit, as weaker commodity prices weighed on the results.
Economically speaking, the IVEY School of Business is standing by with its PMI Report for October (about 10 a.m. EST)
ON BAYSTREET
The TSX Venture Exchange zoomed 12.02 points, or 1.4%, Wednesday to 900.89
ON WALLSTREET
U.S. stock futures were little changed on Thursday as investors kept an eye on the artificial intelligence trade as names in the space reach eye-watering valuations.
Traders were also looking at Washington, as the Supreme Court heard arguments over the legality of the Trump administration’s tariffs.
Futures for the Dow Jones Industrials recouped 15 points, or 0.03%, to 47,449.
Futures for the S&P 500 index picked up 9.25 points, or 0.1%, to 6,834.50.
Futures for the NASDAQ moved higher 32 points, or 0.1%, to 25,778.25.
Before the bell Thursday, Nvidia shares rose more than 1% However, Qualcomm shed more than 1%, even after the chipmaker posted better-than-expected quarterly results.
Investors increasingly expect the Supreme Court to rule against the Trump administration’s aggressive trade policy after high court justices on Wednesday expressed some skepticism about the trade taxes’ legality. The potential ruling would trigger a rollback of the president’s tariffs, likely pushing stocks higher.
AI-linked equities have also begun rebounding from valuation concerns that swirled earlier this week—another potential boon for the major indexes.
Advanced Micro Devices closed more than 2% higher on Wednesday, after the semiconductor company reported better-than-expected third-quarter results. The performance pulled up some other AI stocks alongside it, including Broadcom and Micron Technology, which jumped 2% and 9% on the day, respectively. Oracle also recouped some recent losses during the session.
The recovery of the AI names helped the market bounce back on Wednesday following a soft start to the week that has all three major U.S. indexes in the red week to date.
October saw a significant number of layoff announcements. Job cuts for the month totaled 153,074, marking an increase of 183% from September and 175% from the year-ago period, according to Challenger, Gray & Christmas.
That’s the highest level recorded for an October in 22 years. Not only that, 2025 is the worst year for layoffs since 2009.
In Japan, the Nikkei 225 regained 1.3% Thursday, while in Hong Kong, the Hang Seng rumbled 2.1% higher.
Oil prices sank 25 cents to $60.10 U.S. a barrel.
Gold prices tacked on $24.70 to $4,017.60 U.S. per ounce.
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