Futures for Canada's main stock index gained on Thursday, supported by higher oil and gold prices, while investors assessed multiple earnings updates in Canada and the U.S.
The TSX headed downward 73.15 points to conclude Wednesday at 20,366.72.
June futures on the S&P/TSX index were higher 0.4% Thursday morning.
The Canadian dollar took on six cents to 73.47 cents U.S.
In company news, Glencore Plc said its takeover bid for Teck Resources still stands, after the latter scrapped a restructuring plan.
French oil and gas major TotalEnergies said on Thursday it had accepted an offer to sell its Canadian operations to Suncor Energy for $4.1 billion, with the potential additional payments of up to $450 million.
On the economic slate, Statistics Canada reported the number of employees receiving pay or benefits from their employer—measured as "payroll employees" in the Survey of Employment, Payrolls and Hours—rose by 62,500 (+0.3%) in February, following an increase of 75,300 (+0.4%) in January.
ON BAYSTREET
The TSX Venture Exchange settled 1.2 points Wednesday to 602.58.
ON WALLSTREET
U.S. stock futures rose Thursday, boosted by strong results from Meta Platforms.
Futures for the Dow Jones Industrials popped 141 points, or 0.4%, at 33,565.
Futures for the S&P 500 acquired 21.5 points, or 0.5%, to 4,097.50.
Futures for the NASDAQ Composite rocketed 115 points, or 0.9%, to 13,002.75.
Meta shares leapt 11% as the company reported quarterly revenue that beat analysts’ expectations. The company also issued stronger-than expected guidance for the current period.
Caterpillar, often seen as a barometer of the global economy, turned down and traded more than 1% lower despite posting much better-than-anticipated results.
Meanwhile, First Republic shares tumbled almost 30%, as investors became concerned over the regional bank’s health.
Tech giants Amazon and Intel will share their quarterly results after the closing bell Thursday.
Key economic data releases include the initial reading of U.S. gross domestic product for the first quarter, slated for 8:30 a.m. Weekly jobless claims are due at the same time. Other major data points include pending home sales for March and the Kansas City Federal Reserve’s manufacturing index reading.
In Japan, the Nikkei 225 eked up 0.1% Thursday, while in Hong Kong, the Hang Seng jumped 0.4%.
Oil prices moved higher 33 cents to $74.63 U.S. a barrel.
Gold prices brightened 10 dollars to $2,006 U.S. an ounce.
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