Equities in Canada’s largest marker were poised to open marginally higher on Thursday as oil prices moved off their session low.
The S&P/TSX Composite Index was negative 23.19 points Wednesday to 12,740.25. Futures moved up 0.3%.
The Canadian dollar grew 0.46 cents to 73.44 cents U.S. early Thursday.
Canadian Imperial Bank of Commerce posted a first-quarter profit that topped market expectations, helped by growth in its retail and business banking division.
Toronto Dominion Bank reported a rise in first-quarter profit as growth at its U.S. retail banking business helped offset weakness in capital markets.
Goldman Sachs reinstated coverage of Bombardier with a neutral rating, and $1.26 price target
Canaccord Genuity raised its target on Hudbay Minerals to $5.00 from $4.00, with a buy rating.
Barclays cut its target on Loblaw Companies to $75.00 from $76.00, with an overweight rating
ON BAYSTREET
The TSX Venture Exchange stayed positive 1.16 points Wednesday to 533.74
ON WALLSTREET
U.S. stock futures are looking soft on Thursday but investors aren't panicking after China's falls.
Ahead of the opening bell, futures for the Dow Jones Industrials inched higher seven points to 16,480, futures for the S&P 500 picked up 0.5 points to 1,930.75. NASDAQ futures slid 1.5 points to 4,207.
Investors will be parsing through quarterly results from a range of companies this morning, including Anheuser-Busch InBev, British American Tobacco, Best Buy, Campbell Soup, Gogo, Kohl's and SeaWorld Entertainment.
After the closing bell, investors will hear from Kraft Heinz, Gap, Baidu andWeight Watchers
The benchmark Shanghai Composite index plummeted 6.4% on Thursday, snuffing out a recent recovery rally in brutal fashion. Now losses for this year are close to 23%.
A planned takeover between two important Apple suppliers is at risk of falling apart.
Struggling Japanese electronics firm Sharp said Thursday it agreed to be bought by Taiwan's Foxconn. But then Foxconn said it would postpone signing a definitive agreement while it reviewed "new material information".
European stock markets are posting healthy gains in early trading, with many indexes jumping by more than 1%.
Oil prices skidded 19 cents to $31.96 U.S. a barrel
Gold prices hiked $8.47 to $1,237.22 U.S. an ounce.
