Nov 20 (Reuters) -
Futures tied to Canada's main stock index climbed on
Thursday, buoyed by Nvidia's ( NVDA ) blockbuster earnings, while
investors kept an eye on the long-awaited U.S. jobs report.
December futures on the S&P/TSX index were up 0.24%
as of 5:25 a.m. ET, with weaker gold prices weighing on the
index.
Canada's main index advanced 0.8% on Wednesday,
snapping two consecutive sessions of losses, led by technology
shares that bounced back after a recent sell-off and mining
shares that gained on upbeat commodity prices.
AI bellwether Nvidia ( NVDA ) soothed bubble fears with a
strong fourth-quarter sales forecast and third-quarter revenue
that beat market expectations, easing investor jitters.
The chipmaker has been the driving force behind this year's
tech and AI-fueled rally that sent U.S. markets to record highs.
Sentiment back at home has been following U.S. trends, with
investor attention shifting to the delayed U.S. jobs report - a
crucial factor in the Federal Reserve's decision, though odds of
another cut have slipped below 50%.
Separately, the Bank of Canada on Wednesday urged a
coordinated, economy-wide push to revive sluggish productivity,
warning the issue is growing more urgent amid headwinds from
U.S. trade policy.
Putting a lid on further gains, gold prices fell more than
1%, pressured by a firm dollar and diminishing rate cut hopes.
In corporate news, Vizsla Silver ( VZLA ) announced the
pricing of $250 million convertible senior notes. The
U.S.-listed shares of the firm were down 12.2% premarket.