Yahoo Finance 
Futures Vault on Good Economic Vibes
Futures for Canada's main stock index were higher on Wednesday, as investors remained optimistic about global economic recovery ahead of the country's central bank announcing its interest rate decision.
The S&P/TSX Composite Index kept its win streak going, tacking on 158.15 points, or 1%, to wrap up Tuesday at 15,394.36
The Canadian dollar dished off 0.12 cents early Wednesday to 73.80 cents U.S.
June futures jumped 0.8% Wednesday.
Canada Goose Holdings said on Wednesday it expected negligible revenue in the current quarter after the luxury parka maker was forced to shut stores in markets across the world due to the COVID-19 pandemic.
Ericsson shares hit a high for the year, after the Swedish telecom equipment maker increased its footprint in Canada by winning a 5G contract from BCE Corp's Bell Canada, beating out China's Huawei.
CIBC raised the rating on Alcanna to outperform from neutral.
Canaccord Genuity raised the target price on Cogeco Communications to $96.00 from $93.00.
CIBC raised the target price on Granite REIT to $75.00 from $68.00.
The Bank of Canada is scheduled to announce its interest rate decision at 10:00 a.m. ET, and is expected to hold it at 0.25%.
ON BAYSTREET
The TSX Venture Exchange lost 4.2 points Tuesday to 559.78.
ON WALLSTREET
U.S. stock futures rose in early trading on Wednesday as markets continued to rally on optimism over economies emerging from coronavirus-led shutdowns.
Futures for Dow Jones Industrials leaped 184 points, or 0.7%, early Wednesday, to 25,885.
Read:
Futures for the S&P 500 added 14.5 points, or 0.5%, to 3,091.50.
Futures for the NASDAQ Composite vaulted 33.5 points, or 0.4%, to 9,681.25.
Stocks tied to the reopening of states outperformed. Citigroup, Wells Fargo and Bank of America all rose at least 0.9%. Gap climbed 7.7%. Southwest gained 2.6%. Mall and shopping center operators saw robust gains on Tuesday.
Stocks have continued their trek upward as risk appetite grows on optimism that the worst of the economic downturn from the spread of the coronavirus is in the past. Gains in June follow back-to-back monthly increases in April and May for U.S. equities.
On Wednesday, the ADP private sector jobs report will be released at 8:30 a.m. Analysts are expecting a loss of 8.75 million jobs in May.
This comes after payrolls hemorrhaged more than 20 million jobs in April as companies sliced workers amid a coronavirus-induced shutdown that took most of the U.S. economy offline. April marked the worst job loss in the history of the ADP report.
Markit Services Purchasing Managers Index and Institute for Supply Management Non-manufacturing survey will also come out before the bell on Wednesday.
Overseas, in Tokyo, the Nikkei 225 picked up 1.3%, Wednesday, while in Hong Kong, the Hang Sang index ballooned 1.4%.
Oil prices sank 66 cents to $36.15 U.S. a barrel.
Gold prices retreated $4.90 to $1,729.10.
