Futures for Canada's main stock index were marginally higher on Thursday, as oil prices rose after the Organization of the Petroleum Exporting Countries forecast a supply deficit next year.
The TSX Composite Index dipped 11.09 points to finish Wednesday at 16,939.61
The Canadian dollar hesitated 0.02 cents U.S. to 75.89 cents early Thursday
December futures increased 0.1% Thursday.
The two main federal opposition parties on Wednesday suggested they could move to delay ratification of a new continental trade pact, accusing the Liberal government of botching revisions to the treaty.
Encana on Wednesday filed paperwork with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities as part of a plan to shift its base to the United States.
About 1.5 million liters of product is estimated to have been spilled this week after a Canadian Pacific Railway train derailed and caught fire, the Transportation Safety Board said on Wednesday.
CIBC raise the rating on AirBoss of America to outperform from neutral
RBC raised the target price on Parkland Fuel to $54.00 from $44.00
RBC raised the target price on Teranga Gold to $8.50 from $8.00
ON BAYSTREET
The TSX Venture Exchange sank 0.01 points Wednesday to 536.32
ON WALLSTREET
U.S. stock index futures were flat on Thursday as investors awaited for President Donald Trump to meet with his top trade advisors ahead of a key deadline with China.
Futures for the Dow Jones Industrials sagged 47 points, or 0.2%, Thursday to 27,866.
Futures for the S&P 500 dropped four points, or 0.1%, at 3,139.
The NASDAQ Composite slumped 16.25 points, or 0.2%, to 8,389.25.
Broadcom. Inc, and Costco Wholesale are among the companies reporting earnings today.
Trump’s meeting, which was cited in reports three unnamed sources familiar with the matter, comes as both sides try to iron out a "phase-one" deal with China before Sunday. If an agreement is not reached by then, additional U.S. levies on Chinese products will take effect.
On the data front Thursday, the latest weekly jobless claims and producer price index figures for November will both be released at 8:30 a.m. ET.
Overseas, in Japan, the Nikkei 225 eked up 0.1% Thursday, while in Hong Kong, the Hang Seng Index rocketed 1.3%.
Oil prices gained 25 cents at $59.01 U.S. a barrel.
Gold prices picked up $6.50 to $1,481.50 U.S. an ounce.
