Stock index futures pointed to a higher open for Bay Street on Thursday, on hopes that Washington was moving closer to ending the fiscal impasse that has kept markets under pressure.
The S&P/TSX composite index moved up 37.92 to finish Wednesday at 12,730.33 Futures traded up 0.2% Thursday morning.
The Canadian dollar nicked up 0.07 cents to 96.28 cents U.S. early Thursday
The Bangladesh garment factory hit by a fire that killed at least nine people and injured some 50 more on Tuesday had manufactured clothing for western retailers including Hudson's Bay Co.
Kinross Gold Corp. said on Wednesday its Dvoinoye gold mine in Russia, where the Canadian miner already operates the Kupol mine, had started commercial production.
Rogers Communications Inc. said it restored all wireless voice services and some messaging capabilities after it experienced an outage across the country.
On the economic scene, Statistics Canada reported housing prices were higher 0.1% in August, following a 0.2% increase in July.
ON BAYSTREET
The TSX Venture Exchange lost 6.29 points Wednesday to 933.07
ON WALLSTREET
Stocks are poised to open higher for a second straight session Thursday on rising hope that U.S. leaders will sign off on a temporary resolution to the debt ceiling crisis.
Ahead of the opening bell, futures for the Dow Jones Industrials spiked 119 points, or 0.8%, to 14,847. Futures for the S&P 500 gained 15.50 points, or 0.9%, to 1,664.30, and futures for the NASDAQ took on 30.25 points, or 1%, to 3,162.75
House Republican members and party leadership sources told CNN that leaders are working on a proposal to raise the debt ceiling temporarily, while the government would remain partially shut down.
That would buy time for negotiations on the budget impasse.
Shares of Citrix Systems sank in pre-market trading after the software company released its third-quarter results early, saying it expected earnings and revenue to come in lower than previously anticipated.
Netflix, eBay and Halliburton were among the biggest gainers early Thursday.
European markets were broadly higher in morning trading, with France's CAC 40 leading the pack with a 1.5% jump, while Asian markets ended mixed.
The main indexes in Shanghai and Hong Kong fell by 0.9% and 0.5% respectively. In Japan, the Nikkei 225 added 1.1% as the yen weakened against the dollar.
Oil prices recovered 23 cents to $101.84 U.S. a barrel
Gold prices slid $3.50 to $1,303.70 U.S. an ounce.
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