Futures for Canada's main stock index fell on Thursday pressured by lower gold prices, although losses were limited by crude prices hitting their highest levels in more than 13 months.
The S&P/TSX Composite vaulted 154.44 points to close Wednesday at 18,484.53.
The Canadian dollar gained 0.21 cents at 80.14 cents U.S.
March futures declined 0.2% Thursday.
Canadian Imperial Bank of Commerce beat analysts' estimates for quarterly profit on Thursday, as it put aside lower-than-expected funds for loan loss provisions and its capital markets segment performed well.
Lundin plans to begin operating its Argentine silver-gold-copper project Josemaria in 2026, after an investment of $ 3.09 billion, a company spokesman told Reuters on Wednesday.
Canaccord Genuity cut the target price on Altus Group to $59.00 from $65.00
Scotiabank raises target price on Equitable Group to $146.00 from $136.00
National Bank of Canada raised the target price Royal Bank of Canada to $123.00 from $117.00
On the economic slate, Statistics Canada reported Thursday average weekly earnings were $1,112 in December, little changed compared with November.
ON BAYSTREET
The TSX Venture Exchange rocketed 20.83 points, or 1.8%, to finish Wednesday at 1,060.43.
ON WALLSTREET
U.S. stock index futures were mostly down slightly Thursday after the Dow Jones Industrial Average closed at a record high.
Futures for the 30-stock index gave back 17 points, or 0.1%, to 31,898.
Futures for the S&P 500 lost 15 points, or 0.4%, at 3,907.50.
Futures for the NASDAQ Composite let go of 128.75 points, or 1%, to 13,173.25.
Shares of Tesla and Facebook fell in pre-market trading.
GameStop, the controversial meme stock whose massive short squeeze shocked Wall Street last month, is on the rise again. Shares were up more than 50% in premarket trading after doubling in the previous session on the reported ousting of a chief executive.
Some traders looked past a surge in bond yields after Federal Reserve Chair Jerome Powell emphasized the central bank’s commitment to easy policy and downplayed the risk of inflation, saying it could take three years or more before the Fed’s goals are reached.
On the data front, initial jobless claims numbers will be released at 8:30 a.m. ET on Thursday, with economists surveyed by Dow Jones expecting a print of 845,000. Also at 8:30 a.m. ET the U.S. Department of Commerce will release its second estimate for fourth-quarter Gross Domestic Product.
Overseas, in Japan, the Nikkei 225 climbed 1.7%, while in Hong Kong, the Hang Seng index picked up 1.2%.
Oil prices cents to $63.36 U.S. a barrel.
Gold prices subsided $13.50 to $1,784.40 U.S.
