Canada's main stock index futures were trading flat on Thursday, with investors awaiting the country's gross domestic product data for the first quarter.
The S&P/TSX Composite Index vaulted 126.05 points to close Wednesday at 16,048.66, ending a spate of six straight downward sessions.
The Canadian dollar gained 0.21 cents to 77.79 U.S. early Thursday
June futures dissipated 0.2% Thursday
Canada Goose said it would team up with e-commerce company Alibaba Group to tap into the rising consumer demand in Greater China, the world's largest luxury market, in the fall of this year.
Superior Plus Corp said on Wednesday it would buy NGL Energy Partners' retail propane unit for $900 million in cash to boost its presence in the United States.
RBC raised the price target on National Bank of Canada to $73.00 from $71.00
RBC raised the price target on Bank of Montreal to $120.00 from $117.00
National Bank of Canada upped the rating on Cenovus Energy to outperform from sector perform.
On the economic beat, Statistics Canada said the average weekly earnings of non-farm payroll employees were $997 in March, unchanged from the previous month. Earnings were up 3.1% compared with 12 months earlier, mostly due to increases in the last six months of 2017.
Real gross domestic product grew 0.3% in the first quarter, following an increase of 0.4% in each of the previous two quarters. Final domestic demand rose by 0.5%.
ON BAYSTREET
The TSX Venture dropped 0.97 points Wednesday to 767.68
ON WALLSTREET
U.S. stock index futures traded slightly higher ahead of Thursday's open, following a sharp rally seen in the previous session.
Futures for the Dow Jones Industrials inched up six points to 24,675
S&P 500 futures gained 1.25 points, or 0.1%, to 2,725.75, while futures for the NASDAQ composite index added 6.25 points, or 0.1%, to 6,993.50
The Dow gained more than 300 points. Banks led the rally on Wednesday, as companies like Goldman Sachs and Bank of America both gained more than 1%.
Thursday is set to be a prominent day for economic data. At 8:30 a.m. ET, jobless claims, personal income and outlays are all scheduled to be released, followed by a Chicago purchasing managers' index (PMI) at 9:45 a.m. ET, and pending home sales at 10 a.m. ET.
In Japan, the Nikkei 225 gained 0.8%, while in Hong Kong, the Hang Seng Index advanced 1.4% Tuesday. Investor sentiment seen in Asia spilled over into European trade, where markets were trading mostly higher.
Oil prices descended 65 cents to $67.56 U.S. per barrel.
Gold prices gained $1.70 to $1,308.20 U.S. an ounce.
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