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.
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