Canadian stocks looked set to open higher on Thursday with June futures up 0.3%
The S&P/TSX composite index gained 63.73 points to close Wednesday at 15,209.79
The Canadian dollar took on 0.14 cents to 93.91 cents U.S. early Thursday
Iron ore miner Labrador Iron Mines Holdings said it had halted mining operations this year, as falling prices on the back of a surge in global supply hit smaller producers.
Hungary's government plans to make further acquisitions in the energy sector and is also in advanced talks to buy Bombardier's stake in Hungarian rail transportation firm Bombardier MAV Kft, the development minister said.
National Bank Financial raised the rating on Cathedral Energy Services to outperform from sector perform rating
Statistics Canada reported this morning that our merchandise exports advanced 3.5% and imports grew 1.6% in May. So, Canada's trade deficit with the world narrowed from $961 million in April to $152 million in May.
ON BAYSTREET
The TSX Venture Exchange gained 7.66 points Wednesday to 1,036.07
ON WALLSTREET
The official U.S. jobs report is coming out, and the data often has a big effect on investor sentiment and market direction.
Ahead of the opening bell, futures for the Dow Jones Industrials gained 15 points to 16,914. Futures for the S&P 500 tacked on 1.1 points to 1,968.80, and futures for the NASDAQ added 4.75 points, or 0.1%, to 3,894.50.
Markets close at 1 p.m. today, and will remain shut Friday for the July 4th holiday.
The U.S. Department of Labor will post its monthly jobs report this morning. Economists expect that 200,000 jobs were created in June, down from 217,000 in May.
All major European markets managed gains of about 0.3% in early trading. Asian markets ended with muted results.
The biggest standout performer was the Australian stock market -- the Australia ASX All Ordinaries index closed with a gain of 0.7%.
Oil prices dipped 65 cents to $103.83 U.S. a barrel
Gold prices fell 11 dollars to $1,319.90 U.S. an ounce.
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