Futures for Canada’s main stock index rose on Thursday, aided by higher crude prices, although further gains were capped by weakness in bullion.
The TSX Composite Index stepped back 20.44 points to finish Wednesday at 21,998.38.
June futures sprang up 0.4% on Thursday.
The Canadian dollar fell back 0.07 cents to 80.01 cents U.S.
Eight Capital raised the target price on Agnico Eagle Mines to $105.00 from $100.00
CIBC raises target price on Atco to $52.00 from $50.00
CIBC initiated coverage on Definity Financial Corp with an outperform rating
ON BAYSTREET
The TSX Venture Exchange faded 7.43 points Wednesday to 885.35.
ON WALLSTREET
Stock futures rose in morning trading Thursday as investors digested more quarterly reports from the likes of Tesla and United Airlines and awaited a policy speech from Federal Reserve Chairman Jerome Powell.
Futures for the Dow Jones Industrials screamed higher 240 points, or 0.7%, to 35,319.
Futures for the S&P 500 improved 38.5 points, or 0.9%, to 4,494.
Futures for the NASDAQ Composite Index recovered 167.25 points, or 1.2%, to 14,172.
First-quarter reports drove pre-market moves. Tesla rose nearly 7% after better-than-expected earnings, while United added 7.5% after the airline forecast a profit in 2022.
Netflix shares on Wednesday posted the biggest one-day decline since 2004 after the streamer reported its first subscriber loss in more than a decade. Other streaming companies like Disney and Roku also fell, and other tech stocks were lower.
Investors are awaiting quarterly reports from companies like AT&T, American Airlines and Snap on Thursday.
Weekly jobless claims are also slated for release Thursday morning.
In Asia, the Nikkei 225 in Japan acquired 1.2% Thursday, while in Hong Kong, the Hang Seng index slid 1.3%.
Oil prices inched up 83 cents to $103.02 U.S. a barrel.
Gold prices fell $16.90 to $1,938.70 U.S.