Stock futures pointed to a higher start for Canada's main stock index on Thursday as oil prices rose after the International Energy Agency suggested the supply glut could ease this year.
The S&P/TSX Composite Index advanced 44.01 points to close at 13,911.29. June futures were up 0.2%.
The Canadian dollar nicked ahead 0.1 cents to 79.12 cents U.S. early Thursday.
A senior federal government official said Canada will not give struggling aircraft maker Bombardier Inc federal aid without assurances on jobs, investment in research and the location of the company's headquarters.
The feds also said they will introduce legislation to legalize and regulate recreational marijuana in spring 2017, boosting shares of medical marijuana producers such as Canopy Growth Co, OrganiGram Holdings and Aphria Inc.
Barclays raised the target price on Canadian Pacific Railway to $200.00 from $185.00, with an overweight rating
Barclays raised the target on Husky Energy to $22.00 from $21.00, with an overweight rating
FBR cut the rating on Teck Resources to market perform from outperform
On the economic slate, Statistics Canada reported this morning that in February, 548,700 Canadians received regular Employment Insurance benefits, up 4,200, or 0.8%, from January
ON BAYSTREET
The TSX Venture Exchange gained 4.94 points to 654.26.
ON WALLSTREET
U.S. stock futures are little changed ahead of the open.
Ahead of the opening bell, futures for the Dow Jones Industrials gained eight points to 18,045, while futures for the S&P 500 poked ahead 2.5 points, or 0.1%, to 2,100.5. NASDAQ futures added 4.25 points, or 0.1%, to 4,540.
Wall Street will be flooded with quarterly updates this morning from the likes of GM, Blackstone, Verizon and Southwest Airlines.
After the close, investors will hear from Microsoft, Google parent company Alphabet, Starbucks and Visa.
Mattel shares are taking a dive in extended trading after the toy company missed earnings expectations on Wednesday evening.
Shares in Ericsson are falling by about 9% on the NASDAQ Nordic exchange as investors express their disappointment with the latest earnings from the Swedish firm.
Meanwhile, shares in American Express and Yum! Brands are set to pop after both firms reported better-than-expected results.
European markets are muted in early trading, while most Asian indexes closed the day with gains.
Shares in Mitsubishi Motors tanked by 20.5% in Japan following a 15% drop on Wednesday. Investors pushed the sell button after learning that the automaker had illegally rigged fuel economy tests affecting hundreds of thousands of vehicles.
The Mitsubishi announcement follows a huge scandal that rocked German auto giant Volkswagen last year after it admitted to rigging diesel engine emissions tests in America and Europe.
Oil prices moved higher six cents to $44.24 U.S. a barrel
Gold prices spiked $24.25 to $1,268.50 U.S. an ounce.
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