Futures for Canada's main stock index were slightly higher, tracking the broader global rally after weak economic data in the United States boosted hopes of a rate cut by the Federal Reserve this month.
The S&P/TSX Composite Index popped 105.23 points to end Wednesday at 16,576.52.
The Canadian dollar docked 0.08 cents to 76.51 cents U.S. early Thursday
September futures inched up 0.1% Thursday.
Australia's Aveo Group revealed it had received a takeover offer from Canada's Brookfield Asset Management Inc for the A$1.2-billion retirement-home operator, ending weeks of speculation.
Bryan Garnier cut the rating on Canopy Growth to neutral from buy
CIBC cut the target price on Linamar to $61.00 from $65.00
JP Morgan cut the target price on Suncor Energy to $49.00 from $51.00
ON BAYSTREET
The TSX Venture Exchange held onto gains of 0.7 points Wednesday to 586.16
Overseas, the Nikkei 225 regained 0.3% Thursday, while in Hong Kong, the Hang Seng index fell 0.2%
Oil prices dropped 28 cents to $57.06 U.S. a barrel.
Gold prices retreated $3.80 to $1,417.10 U.S. an ounce.
ON WALLSTREET
U.S. Markets Were Shuttered for Independence Day
Related Stories
