Canada's benchmark stock index was set to open higher for its fifth consecutive session on Thursday, as prices of bullion and crude oil futures ticked higher.
The TSX leaped 180.12 points to conclude Wednesday at 19,837.65.
March futures on the S&P/TSX index streaked 0.7% higher Thursday morning.
The Canadian dollar picked up 0.13 cents to 73.84 cents U.S.
Among stocks, Atco agreed to transfer ownership of an unfinished pipeline bogged down in a dispute with the Mexican state power company.
CIBC has started coverage of miner Filo Mining with an "outperform" rating and a target price of $38.
TD Securities has started covering Pet Valu Holdings with a "buy" rating and a price target of $45.
On the economic front, 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 71,100 (+0.4%) in January, following an increase of 53,700 (+0.3%) in December 2022.
ON BAYSTREET
The TSX Venture Exchange moved higher 3.02 points Wednesday to 623.61.
ON WALLSTREET
Stock futures rose Thursday, building on the sharp gains from the previous session, as traders bet the regional banking crisis has stabilized.
Futures for the Dow Jones Industrials took flight 198 points, or 0.6%, to begin Thursday at 33,101.
Futures for the S&P 500 surged 22.75 points, or 0.6%, to 4,080.25.
Futures for the NASDAQ Composite gathered 65 points, or 0.5%, to 13,030.25.
Regional banks ticked higher in the premarket. Shares of Western Alliance picked up 3%, and PacWest gained 2%.
On Thursday, investors will watch for economic data on weekly jobless claims and the gross domestic product. Boston Federal Reserve President Susan Collins, Richmond Fed President Thomas Barkin and Minneapolis Fed President Neel Kashkari are all slated to speak in the afternoon.
In Japan, the Nikkei 225 lost 0.4% Thursday, while in Hong Kong, the Hang Seng added 0.6%.
Oil prices gained 57 cents to $73.54 U.S. a barrel.
Gold prices gained $2.10 to $1,986.60 U.S. an ounce.
