Futures for stock indexes in Canada rose on Thursday, with gold prices steady and oil moving higher amid investors awaiting developments on the Middle East front and a high stakes U.S.-China summit.
The TSX Composite Index faded 249.30 points to conclude Wednesday at 34,041.43.
June futures took on 0.4% Thursday.
The Canadian dollar was flat at 72.88 cents U.S.
Keyera posted a first-quarter loss
Canadian Tire reported Q1 adjusted profit above market expectations.
Sherritt International said its first quarter financial filing could be delayed after its external auditor resigned and finance chief left, which could trigger a halt in its Canada shares trading.
U.S. President Donald Trump is expected to ask China for help in ending the unpopular war in Iran, with peace talks between Tehran and Washington deadlocked
Iran's foreign minister urged BRICS nations to condemn U.S. and Israel actions as "violations of international law"
On the economic schedule, the Canadian Real Estate Association reported the number of home sales recorded over Canadian MLS® Systems was up 0.7% on a month-over-month basis in April.
Moreover, in March, 176,500 new motor vehicles were sold in Canada, decreasing 6.6% from March 2025. In dollar terms, sales decreased 3.6% in March 2026 compared with one year earlier. Over the same period, the number of new passenger cars sold fell by 4.3%, while the number of new trucks sold saw a decline of 6.9%.
Wholesale trade for March rose 1.9%.
ON BAYSTREET
The TSX Venture Exchange removed 1.59 points Wednesday to 1,016.12.
ON WALLSTREET
Stock futures were higher on Thursday, with the Dow Jones Industrial Average set to retake 50,000 during the trading day, after strong earnings from Cisco Systems and following a key meeting between U.S. and China.
Futures for the 30-stock index sparked 338 points, or 0.7%, to 50,130
Futures for the S&P 500 captured 16.75 points, or 0.2%, to 7,486.25.
Futures for the NASDAQ jumped 45.75 points, or 0.1%. to 29,525.
Shares of Cisco surged 15% in premarket trading after the software giant posted third-quarter results and guidance that beat Wall Street’s expectations and announced it would be cutting almost 4,000 jobs.
Cisco’s gain gave Dow futures a boost, putting it on track to reclaim the 50,000 level it reached earlier this year.
Dow futures also got a lift from Boeing, which rose more than 1% as expectations grew that the summit between President Donald Trump and Chinese President Xi Jinping would yield some deals for U.S. companies.
While fears of higher energy prices weighed on other sectors of the market, technology stocks — particularly semiconductor names like Nvidia and Micron Technology — drove the market rally on Wednesday.
In Japan, the Nikkei 225 capsized 1% Thursday, while the Hang Seng index in Hong Kong gained a mere 60 points.
Oil prices sank 17 cents to $100.85 U.S. a barrel.
Gold prices handed back $6.80 to $4,699.90 U.S an ounce.
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