Futures for the Canadian stock index rose on Thursday, tracking gains in gold prices as investors sought cover from inflation risks following a surge in U.S. consumer prices.
The S&P/TSX Composite sank 132.59 points to end Wednesday at 21,561.58.
Futures leaped 0.7% Thursday.
The Canadian dollar sagged 0.57 cents to 79.51 cents U.S.
CIBC raised the rating on Aurora Cannabis to neutral from underperform.
CIBC cut the rating on Element Fleet Management to neutral from outperform.
RBC raises target price on WSP Global to $196.00 from $172.00.
Political leaders in Ontario have suspended a plan to lift restrictions on the number of people who can congregate in restaurants, bars and other settings, saying a cautious approach was needed with a rise in COVID-19 infections.
ON BAYSTREET
The TSX Venture Exchange swooned 15.11 points, or 1.5%, Wednesday to 982.52.
ON WALLSTREET
U.S. stock futures inched higher in early morning trading on Thursday following a tech-driven selloff on Wall Street.
Futures for the Dow Jones Industrials gained 30 points, or 0.1%, to 36,022.
Futures for the S&P 500 picked up 16.25 points, or 0.4%, to 4,658.25
Futures for the NASDAQ Composite vaulted 104 points, or 0.7%, to 16,084.50.
Disney shares fell more than 5% in pre-market trading after the media giant missed on the top and bottom lines of its quarterly results. Disney+ subscribers also came in short of estimates.
Overseas, the Nikkei 225 picked up 0.6% Thursday, while the Hang Seng in Hong Kong jumped 1%.
Oil prices fell 90 cents to $80.38.
Gold prices added $12.80 to $1,861.10 U.S. an ounce