Stock futures pointed to a lower opening for Canada's main stock index on Thursday as oil prices fell after hitting a 2016 high on Wednesday.
The S&P/TSX Composite Index jumped 78.22 points to close Wednesday at 13,887.66. June futures hesitated 0.7%.
The Canadian dollar hiked 0.18 cents to 79.55 cents U.S. early Thursday.
Potash Corp of Saskatchewan , the world's biggest fertilizer company by capacity, cut its full-year profit forecast due to weak demand and lower prices.
Bombardier announced on Thursday a much-anticipated order from Delta Air Lines for up to 125 of its CSeries passenger jets, throwing a lifeline to Bombardier, which also reported a quarterly loss.
The Wall Street Journal reports that Valeant Pharmaceuticals International is expected to name four new directors as soon as Friday
Barclays raised the target price on Cenovus Energy to $20.00 from $19.00, with an underweight rating
Barclays then cut the target price on Open Text Corp. to $71.00 from $78.00, with an overweight rating
BMO raised the price target on CGI Group to $64.00 from $63.00, with an outperform rating
On the economic slate, Statistics Canada reported that average weekly earnings were $954.00 in February, up 0.3% from the previous month and up 0.4%, from 12 months earlier.
ON BAYSTREET
The TSX Venture Exchange recovered 0.52 points to 657.96, after something of a seesaw day on Wednesday.
ON WALLSTREET
Global stocks are in the red and U.S. stock futures are moving lower.
Ahead of the opening bell, futures for the Dow Jones Industrials tumbled 132 points, or 0.7%, to 17,831, while futures for the S&P 500 fell 13.25 points, or 0.6%, to 2,077.5. NASDAQ futures slumped 16.75 points, or 0.4%, to 4,407.5.
Facebook is surging 8.5% pre-market after the company reported a 200% rise in first-quarter profits.
Thursday is shaping up to be another very busy day on the earnings front. Coca-Cola Enterprises, Ford, Domino's Pizza, Dunkin Brands, MasterCard and UPS are among the scores of companies on tap to release their quarterly results before the opening bell on Thursday.
Amazon, Baidu.com, Groupon, and LinkedIn will follow after the close.
The U.S. Bureau of Economic Analysis released first-quarter GDP data this morning. The bureau also issued a monthly personal spending report at the same time.
The Bank of Japan surprised markets by holding fire on more stimulus. That came after the Federal Reserve struck a cautious note on the economy, lowering expectations for a June rate hike.
Oil prices ditched four cents to $45.29 U.S. a barrel
Gold prices gained $10.34 to $1,256.17 U.S. an ounce.
