TSX futures gain on strong earnings, commodity prices
2022.08.04 15:41
Budrigannews.com – Canada’s resource-heavy main stock index was set to open higher on Thursday, supported by a slew of robust earnings reports and firm oil and gold prices.
September futures on the S&P/TSX index were up 0.3% at 7:00 a.m. ET, taking cues from the global market as worries over Nancy Pelosi’s visit to Taiwan eased.
The Toronto Stock Exchange’s S&P/TSX composite index ended 0.2% higher on Wednesday, helped by gains in technology and financial shares. (TO)
In company news, Canadian Natural (NYSE:CNQ) Resources Ltd reported its quarterly profit more than doubled, as crude prices soared on tighter energy supplies due to the Ukraine conflict.
Business jet maker Bombardier (OTC:BDRBF) Inc posted a smaller second-quarter loss, helped by steady demand and lower interest expenses, while news and information company Thomson Reuters (NYSE:TRI) Corp reported higher operating profit and raised its full-year revenue forecast.
Wall Street was also set to extend gains on Thursday after a strong overnight rally on robust economic data and upbeat corporate outlook.
Dow e-minis were up 44 points, or 0.13% at 7:00 a.m. ET, while S&P 500 e-minis were up 9.75 points, or 0.23% and Nasdaq 100 e-minis were up 57.25 points, or 0.43%. [.N]
