Futures Acquire Momentum

(MENAFN- Baystreet)
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.
The TSX popped 290.49 points, or 1.2%, to close Wednesday at 25,569.84.
March futures on the S&P/TSX index progressed 0.3% Thursday.
The Canadian dollar shed 0.18 cents to 69.66 cents U.S. early Thursday.
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 surpassed analysts' expectations for fourth-quarter profit, benefiting from increased oil production and robust sales of refined products.
Canada Goose Holdings missed quarterly revenue estimates, signaling choppy sales in the key luxury goods market China.
Later this morning (about 10 a.m. EST), the IVEY School of Business presents its Purchasing Managers Index for January.
ON BAYSTREET
The TSX Venture Exchange advanced 5.38 points Wednesday to 641.95.

ON WALLSTREET
U.S. stock futures climbed Thursday after the major averages posted back-to-back winning sessions, as investors weighed the latest batch of corporate earnings.
Futures for the Dow Jones Industrials eked up 10 points, or 0.02% to 45,014.
Futures for the S&P 500 picked up one point, or 0.02%, to 6,087.50.
Futures for the tech-heavy NASDAQ faltered 43.25 points, or 0.2%, to 21,717.75.
Semiconductor names slid in extended trading, with Qualcomm dropping 5%, Arm docking 4%, and Skyworks Solutions losing roughly 29% after reporting their latest quarterly results. Ford Motor fell nearly 5% after the automaker forecast a difficult 2025.
Honeywell shares were also down more than 4% after the company issued full-year earnings guidance that fell short of what analysts anticipated.
Investors seemed to shake off worries around tariffs, which began on Monday after President Donald Trump announced a 10% levy on Chinese imports over the weekend. Sentiment improved after the president paused duties on Mexican and Canadian goods.
In Japan, the Nikkei 225 picked up 0.6% Thursday, while in Hong Kong, the Hang Seng recovered 1.4%.
Oil prices regained 36 cents to $71.39 U.S. a barrel.
Gold prices docked $1.70 to $2,891.30 U.S. an ounce.

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