Aug 8 (Reuters) - Futures tied to Canada's main stock
index edged higher on Friday, as investors monitored corporate
earnings and U.S. President Donald Trump's nomination for the
open spot on the Federal Reserve's governing board.
Futures on the S&P/TSX index rose 0.2% by 06:10
a.m. ET (1010 GMT).
Trump said he would nominate Council of Economic Advisers
Chairman Stephen Miran to serve out the final months of the
newly vacant seat while the White House looks for a permanent
addition to the governing board and a new Fed Chair.
Current Chair Jerome Powell's term ends in May 2026.
In corporate earnings, Sun Life Financial ( SLF ) posted a
jump in second-quarter profit on Thursday, helped by a strong
growth in its Asia unit as insurers expanded to tap into a
growing market to offset the weakness in the U.S. market.
Ensign Energy's second-quarter net loss widened,
driven by lower crude oil prices.
Saputo ( SAPIF ) reported quarterly adjusted earnings, with
revenue and profit missing analysts' estimates.
Gold miner IAMGOLD ( IAG ) posted a rise in quarterly
revenue, but missed expectations.
Meanwhile, Ivey PMI data showed that Canadian economic
activity expanded at the fastest pace in a year during July as
employment rose.
In commodities, U.S. gold futures climbed to a record high
after a report of U.S. tariffs on gold bar imports, while spot
gold prices steadied. Copper prices rose on a
softer dollar and oil prices were stable.
The TSX index pulled back from a record high on
Thursday, pressured by earnings misses for consumer-related
stocks as investors assessed a mixed bag of earnings.
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