Stock futures pointed to higher opening for Canada's main index on Thursday, building on the previous day's gains as investors look forward to earnings season.
The S&P/TSX Composite Index gained 59.84 points to close Wednesday at 16,396.29
The Canadian dollar retreated 0.2 cents to 74.89 cents U.S. early Thursday
June futures gained 0.3% Thursday.
RBC cut the rating on Boralex to sector perform from outperform
CIBC raised the price target on Cogeco Communications to $98.00 from $94.00
On matters macroeconomic, Statistics Canada reported that its new housing price index was unchanged in February, despite growth in some of the housing markets surveyed.
ON BAYSTREET
The TSX Venture Exchange regained 0.5 points Wednesday to 629.09
ON WALLSTREET
U.S. stock index futures pointed to a higher start to the trading day Thursday as investors cheered progress on U.S.-China trade talks.
Futures for the Dow Jones Industrial Average increased 34 points, or 0.1%, to 26,200.
Futures for the S&P 500 picked up three points, or 0.1%, at 2,897.50
NASDAQ futures gained 5.5 points, or 0.1%, to 7,646.75
Apogee Enterprises and Fastenal Company are among the companies reporting earnings Thursday
U.S. Treasury Secretary Steven Mnuchin told media outlets on Wednesday that Washington and Beijing have “pretty much agreed on an enforcement mechanism” for when a deal is struck.
Investors also weighed news that talks between E.U. leaders and British Prime Minister Theresa May culminated in a “flexible extension ” of the U.K.’s departure from the bloc until Oct. 31.
Overseas, in Japan, the Nikkei 225 gained 0.1% Thursday, while in Hong Kong, the Hang Seng Index faltered 0.9%.
Oil prices faded 55 cents to $64.06 U.S. a barrel.
Gold prices lost $9.30 to $1,304.60 U.S. an ounce.
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