- Futures for Canada's main stock index inched higher on Thursday, supported by an uptick in gold prices and positive corporate earnings, while caution ahead of a U.S. jobs reading kept a check on gains.The Toronto Stock Exchange's S&P/TSX composite index ended 0.5% lower on Wednesday and closed at its lowest since June 28.
On the commodities side, oil prices steadied after two sessions of gains, as growing supply risks from the Middle East offset demand concerns. Among stocks, Manulife Financial reported better-than-expected quarterly profit on Wednesday, powered by a 40% rise in earnings from Asia. Shares of Warner Bros, Discovery are deep in the red this morning after the media giant reported a nearly $10 billion loss that includes a $9.1 billion write-down on its TV networks. Investors are searching for safety after four or the previous five trading days ended in the red. Wall Street has been in a seesaw since last week’s disappointing jobs data raised alarms about the Fed’s recent decisions on interest rates.
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Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »