financetom
World
financetom
/
World
/
CANADA STOCKS-TSX futures rise as crude prices advance; earnings in focus
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX futures rise as crude prices advance; earnings in focus
Feb 6, 2025 4:17 AM

Feb 6 (Reuters) - Futures tied to Canada's main stock

index rose on Thursday as oil prices edged higher, while

investors also focused on earnings from some major domestic

corporations.

March futures on the S&P/TSX index were up 0.3% at

6:40 a.m. ET (1140 GMT).

Oil prices increased after Saudi Arabia's

state oil company significantly raised its March crude prices.

Meanwhile, gold prices paused after a five-session

rally to all-time highs.

Canadian planemaker Bombardier reported a 1.5%

rise in quarterly revenue on aftermarket business strength and

delayed its 2025 forecast, citing uncertainty related to U.S.

President Donald Trump's tariffs.

Suncor Energy ( SU ) surpassed analysts' expectations for

fourth-quarter profit, benefiting from increased oil production

and robust sales of refined products.

Parka maker Canada Goose Holdings ( GOOS ) missed quarterly

revenue estimates, signaling choppy sales in the key luxury

goods market China.

Markets will also closely watch domestic employment and U.S.

payrolls data, set to be released on Friday, which could offer

clues on the policy rate trajectory in Canada and the United

States, respectively.

A reading of the Ivey Purchasing Managers Index (PMI) for

the month of January is also due later in the day.

In other news, Prime Minister Justin Trudeau will meet with

Canadian business and labor leaders in Toronto on Friday. This

follows a pause on U.S. trade tariffs earlier this week.

The move underlined long-standing calls for measures to

reduce reliance on the United States, which takes 75% of all

Canada's goods and services exports.

The Toronto Stock Exchange's S&P/TSX composite index ended

higher on Wednesday, as the temporary relief from U.S. tariffs

boosted market sentiment.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
European Equities Traded in the US as American Depositary Receipts Modestly Higher in Thursday Trading
European Equities Traded in the US as American Depositary Receipts Modestly Higher in Thursday Trading
May 29, 2025
11:10 AM EDT, 05/29/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts were heading moderately higher late Thursday morning, rising 0.32% to 1,451.76 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biopharmaceutical companies Cellectis ( CLLS ) and Grifols ( GRFS ) , which rose 2.5% and 2.1%...
Asian Equities Traded in the US as ADRs Rise in Thursday Trading
Asian Equities Traded in the US as ADRs Rise in Thursday Trading
May 29, 2025
10:44 AM EDT, 05/29/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts rose Thursday morning with the S&P Asia 50 ADR Index up 0.6% to 2,255.08. From North Asia, the gainers were led by fintech firms AMTD Digital ( HKD ) and Pintec Technology ( PT ) , which climbed 15% and 5.2% respectively. They...
TSX Down 47 Points at Midday, Financials The Biggest Decliner
TSX Down 47 Points at Midday, Financials The Biggest Decliner
May 29, 2025
12:18 PM EDT, 05/29/2025 (MT Newswires) -- The Toronto Stock Exchange is down over 47 points at midday with most sectors lower. The financials sector, down 0.6%, is the biggest decliner. RBC early Thursday reported a lower-than-expected adjusted earnings and revenue for the second quarter, but increased its dividend. Its shares, down 3.2% to $172.94, is the most actively traded....
European Equities Close Lower in Thursday Trading; Stellantis, Amazon End Auto Software JV
European Equities Close Lower in Thursday Trading; Stellantis, Amazon End Auto Software JV
May 29, 2025
12:28 PM EDT, 05/29/2025 (MT Newswires) -- European stock markets closed lower in Thursday trading as the Stoxx Europe 600 was down 0.2%, Germany's DAX 40 dropped 0.4%, the FTSE was off 0.1%, and France's CAC 40 declined 0.1%. Switzerland and Germany are on bank holidays for Ascension Day. The Swiss exchange is closed, and the Frankfurt market is open....
Copyright 2023-2026 - www.financetom.com All Rights Reserved