Stock futures pointed to a lower opening for Canada's main stock index on Thursday after closing higher in the previous session.
The S&P/TSX Composite Index regrouped 30.63 points to end Wednesday at 16,420.76
The Canadian dollar 0.05 cents at 76.61 cents U.S. early Thursday
September futures fell 0.3% Thursday
Husky Energy reported a profit of $448 million on Thursday, up from a loss of $93 million a year earlier, helped by higher crude oil prices.
Lundin Mining said on Thursday that it formally commenced an offer to acquire Nevsun Resources Ltd for $4.75 per share in cash, valuing the base metals miner at around $1.44 billion.
Teck Resources Ltd, beat analyst estimates for quarterly profit on Wednesday as higher prices more than offset lower-than-expected sales volume of metallurgical coal.
RBC raised the target price on Aimia Inc. to $5.00 from $2.00
CIBC raised the price target on Loblaw Companies to $81.00 from $78.00
RBC raised the target price Toromont Industries to $65.00 from $60.00
Turning to matters macroeconomic, Statistics Canada reported that average weekly earnings for workers in this country were $998 in May, up 0.4% from April following five months of virtually no change.
The agency adds that, in the 12 months to May, earnings increased by 2.9%.
ON BAYSTREET
The TSX Venture Exchange moved higher 0.9 points to 707.32.
ON WALLSTREET
U.S. stock index futures pointed in different directions ahead of Thursday's open as Wall Street digested Facebook's latest corporate earnings results, while also receiving positive news on trade
Futures for the Dow Jones Industrials gained 58 points, or 0.2%, to 25,461.
S&P 500 futures faded three points, or 0.1%, to 2,842.50, while futures for the NASDAQ composite fell 43.75 points, or 0.6%, to 7,425.75
Facebook shares dropped more than 20% in the pre-market, a day after its quarterly revenue missed expectations. Global daily active users, a key metric for the social media giant, also disappointed investors. Additionally, Facebook said it expects its revenue growth rates to slow down from last year. Facebook's earnings per share, however, topped Wall Street estimates.
The decline in Facebook's stock dragged down the entire tech sector, with shares of Amazon, Apple, Netflix and Alphabet all trading lower before the bell. But while these losses weighed on the tech-heavy NASDAQ, the Dow was poised to outperform after a meeting between President Donald Trump and European Commission President Jean-Claude Juncker.
Shares of Caterpillar rose 0.5% before the bell, helping lift Dow futures. Caterpillar is a company sensitive to trade tensions given its large exposure to overseas revenue.
Jobless claims data and advance economic indicators are due out early this morning, followed by the Kansas City Fed's manufacturing survey at 11 a.m. ET.
Overseas, in Japan, the Nikkei 225 gave back 0.1%, while in Hong Kong, the Hang Seng index settled 0.5%.
Oil prices lost four cents to $69.26 U.S. a barrel.
Gold prices dipped four dollars to $1,227.80 U.S. an ounce.
