Futures tracking Canada's blue-chip stocks rose on Thursday as falling oil prices eased inflationary worries, with investors eyeing key U.S. inflation data later in the day.
The TSX forged ahead 93.6 points to close Wednesday at 36,265.09.
Futures pulled ahead before the market open Thursday 0.2%.
The Canadian dollar strengthened 0.4 cents to 71.54 cents U.S.
Among company news, Alamos ?Gold missed third-quarter profit estimates, while Agnico Eagle Mines surpassed profit expectations.
Canada and the European Union agreed to deepen ties, but dropped a contentious proposal for associate EU membership ?from a joint declaration seen by Reuters ahead of a summit in Montreal by Prime Minister Mark Carney.
Economically speaking, the number of employees receiving pay and benefits from their employer—measured as "payroll employment" in the Survey of Employment, Payrolls and Hours—decreased by 49,600 (-0.3%) in August, after edging down by 15,700 (-0.1%) in July.
On a year-over-year basis, payroll employment was up by 57,200 (+0.3%) in August.
ON BAYSTREET
The TSX Venture Exchange beat breakeven 0.52 points Wednesday to 839.00
ON WALLSTREET
Stock futures were under pressure Thursday, weighed by the latest batch of corporate earnings.
Futures for the Dow Jones Industrials slipped 39 points, or 0.1%, early Thursday to 52,657.
Futures for the S&P 500 doffed 17.25 points, or 0.2%, to 7,765.75
Futures for the NASDAQ Composite tumbled 285.25 points, or 1%, at 29,694.25.
Alphabet lost 10% in premarket trading after it missed expectations on adjusted earnings per share and revenue in the third quarter. The Google parent posted negative free cash flow of $9.07 billion. The company kept its full-year capital expenditures forecast at $195 billion to $205 billion.
Caterpillar shares slid 9%. While the industrial giant reported better-than-expected revenue and earnings for the third quarter, sales for its construction industries business came in slightly below estimates.
In contrast, Microsoft was up 2.6% in premarket trade, after growth in the software giant’s Azure cloud infrastructure business helped it post beats on the top and bottom lines in the fiscal first quarter.
Neoclouds fell as Microsoft’s lower-than-expected capital expenditures figure pointed to infrastructure partners taking longer to deliver data center capacity.
In Japan, the Nikkei 225 hiked 1.1% Thursday, while in Hong Kong, the Hang Seng faltered 0.6%.
Oil prices handed back $1.33 to $101.45 U.S. a barrel.
Gold prices dulled $3.80 to $4,047.80 U.S an ounce.
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