Stock futures pointed to a higher opening for Canada's main stock index on Thursday, tracking gains in global equities as concerns over trade tensions between the U.S. and China receded.
The S&P/TSX Composite Index rallied toward the breakeven mark, falling short just 16.39 points, to end Wednesday at 15,164.37
The Canadian dollar docked 0.1 cents to 78.25 cents U.S. early Thursday
June futures gained 0.2% Thursday.
Husky Energy Inc said its chief financial officer, Jon McKenzie, has resigned effective immediately. McKenzie was named CFO of Cenovus Energy Inc.
Corus Entertainment on Thursday beat quarterly profit expectations as it cut costs and gained from TV merchandising and distribution.
Murray Goulburn shareholders approved a $1.0-billion takeover of the co-operative by Saputo Inc, bringing the sale of Australia's largest dairy processor close to completion.
BMO cuts target price on Arizona Mining to $5.50 from $5.75.
On the economic front, Statistics Canada said this country’s merchandise trade deficit totaled $2.7 billion in February, widening from a $1.9-billion deficit in January. Imports rose 1.9% and exports increased 0.4%.
ON BAYSTREET
The TSX Venture Exchange stumbled 5.52 points Wednesday to 763.78
ON WALLSTREET
U.S. stock index futures posted solid gains ahead of Thursday's open, following a roller coaster session seen during the previous trading day
Futures for the Dow Jones Industrial Average jumped 65 points, or 0.3%, to 23,327
S&P 500 futures hiked 11.75 points, or 0.4%, to 2,658.75, while futures for the NASDAQ composite index collected 50 points, or 0.8%, to 6,632.50
Tech helped lead the move higher in the pre-market, with Facebook jumping nearly 4% and Netflix, Amazon and Alphabet all rising more than 1%
The moves in pre-market trade come after a wild trading day on Wall Street Wednesday. The Dow Jones industrial average closed up over 200 points, having rallied more than 700 points from its session low. Other major indexes erased losses to finish on a positive note too.
On the earnings front, Monsanto, RPM International, and Conn's are all scheduled to report their latest financial updates.
Markets have been on edge during recent sessions amid concerns of a potential trade war between China and the U.S. On Wednesday, China announced fresh tariffs on 106 U.S. products, including cars, whisky and soybeans — less than 24 hours after the U.S. administration issued a list of Chinese imports that it would target.
Switching focus to economic data, Thursday is set to deliver the latest in jobless claims and international trade, both of which are due out at 8:30 a.m. ET.
Meanwhile, European markets vaulted, while in Japan, the Nikkei 225 rocketed 1.5%, and markets in Hong Kong, were shuttered for holiday.
Oil prices fell 12 cents to $63.25 U.S. per barrel.
Gold prices dropped eight dollars to $1,332.20 U.S. an ounce.
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