Futures linked to Canada's main stock index gained on Thursday, helped by higher commodity prices, while investors grew confident about the country's economic health after domestic inflation cooled.
The TSX climbed 114.6 points to close Wednesday at 20,491.17.
September futures gained 0.2% Thursday.
The Canadian dollar gained 0.19 cents to 76.15 cents U.S.
Dock workers on Canada's Pacific coast said they have revoked a strike notice issued for Saturday, after Prime Minister Justin Trudeau directed a crisis meeting to pursue all options to ensure the stability of supply chains as he stressed the critical role of port operations.
Logistics provider Mullen Group reported second-quarter revenue of $494.3 million compared with analysts' estimate of $495.2 million.
ON BAYSTREET
The TSX Venture Exchange lost 2.27 points Wednesday to 622.14.
ON WALLSTREET
U.S. stock futures were mixed Thursday as trader weighed the latest batch of corporate earnings reports, including mixed results from Netflix.
Futures for the Dow Jones Industrials gained 45 points, or 0.1%, to 35,299.
Futures for the S&P 500 slid 6.25 points, or 0.1%, to 4,590.75.
Futures for the NASDAQ descended 101.75 points, or 0.6%, to 15,857.50.
Shares of Netflix dropped 6.8% after the streaming giant posted its second-quarter earnings report. The company posted $8.19 billion in revenue, falling short of the $8.3 billion anticipated by analysts.
Tesla, meanwhile, tumbled 4.1% after CEO Elon Musk and other executives said on an earnings call that vehicle production would slow during the third quarter due to shutdowns for factory improvements.
Johnson & Johnson posted earnings per share and revenue that exceeded analyst expectations. The company also hiked its full-year outlook. Shares rose more than 1% in the pre-market.
Travelers, American Airlines and Blackstone are also set to report later in the day. Of the S&P 500 companies that have reported earnings thus far, 77% have exceeded expectations, FactSet data shows. The strength in corporate earnings have created optimism for a soft landing for the economy.
Stocks are coming off a positive session, with the Dow posting an eight-day winning streak, its longest since September 2019.
Wall Street will also be keeping an eye on the weekly jobless claim numbers and existing home sales data.
In Japan, the Nikkei 225 backtracked 1.2%. while in Hong Kong, the Hang Seng lost 0.1%.
Oil prices edged up 11 cents to $75.46 U.S. a barrel.
Gold prices strengthened $3.50 to $1,984.30. U.S. an ounce.
