Futures for Canada's main stock index were slightly up on Thursday as bullion advanced but lower crude oil prices kept a lid on gains for the commodity-heavy bourse.
The TSX listed lower 122.14 points to conclude Wednesday at 19,532.78.
March futures on the S&P/TSX index advanced 0.2% Thursday morning.
The Canadian dollar leaped 0.27 cents to 73.18 cents U.S.
Among company news, business jet maker Bombardier raised its 2025 revenue and free cash flow targets at its investor day, capitalizing on strong demand for private flights.
National Bank of Canada upgraded Boyd Group Services to "outperform" from "sector perform".
ON BAYSTREET
The TSX dropped 2.81 points to conclude Wednesday at 606.02.
ON WALLSTREET
U.S. equity futures rose Thursday as the market tried to rebound from a steep selloff following the latest policy update from the Federal Reserve.
Futures for the Dow Jones Industrials journeyed higher 42 points, or 0.1%, early Thursday to 32,300.
Futures for the S&P 500 hiked 16.25 points, or 0.4%, to 3,986.75.
Futures for the NASDAQ Composite jumped 98.5 points, or 0.8%, to 12,805.50.
First Republic was the best performer, gaining more than 10%. PacWest and Western Alliance also advanced. In earnings, General Mills and Darden Restaurants are scheduled to report their latest financial results Thursday.
The Fed’s decision and subsequent comments by Chair Jerome Powell at the conclusion of the policymakers’ two-day meeting weighed on stocks.
The central bank raised rates by 25 basis points, as expected. It also hinted that its inflation-fighting tightening campaign could be nearing the end, with the removal of the phrase “ongoing increases” from its statement.
Traders are looking forward to the weekly jobless claims update at 8:30 a.m. ET. New home sales data will also be released.
In Japan, the Nikkei 225 lost 0.2% Thursday, while in Hong Kong, the Hang Seng moved higher 2.3%.
Oil prices ditched 46 cents to $70.44 U.S. a barrel.
Gold prices shone $31.00 brighter to $1,980.60 U.S. an ounce.
