Canada Markets closed

Gains for Futures Thursday

Baystreet.ca
Futures for stocks in Canada’s biggest centre were higher on Thursday as investor worries over a swift ...

Futures for stocks in Canada’s biggest centre were higher on Thursday as investor worries over a swift American military action in Syria eased following U.S. President Donald Trump's latest comments.

The S&P/TSX Composite Index lumbered into the red 4.24 points to close Wednesday at 15,257.90

The Canadian dollar dropped 0.12 cents to 79.41 cents U.S. early Thursday

June futures moved up 0.2% Thursday.

U.S. President Donald Trump amended on Thursday an earlier warning of a quick military strike against Syria in retaliation for a suspected chemical weapons attack on civilians, saying it "could be very soon or not so soon at all".

Barclays cut the price target on CI Financial to $31.00 from $32.00

Barclays cut the price target on IGM Financial to $40.00 from $42.00

Desjardins cut the target price on Manulife Financial to $28.00 from $30.00

Prime Minister Justin Trudeau is set to apply pressure on British Columbia's provincial government to drop its resistance to a pipeline project, but will try to avoid tougher measures that might alienate voters who helped his Liberals win power.

ON BAYSTREET

The TSX Venture Exchange added 1.57 points Wednesday to 777.71

ON WALLSTREET

U.S. stock index futures jumped on Thursday after President Donald Trump clarified his position on a possible missile attack in Syria

Futures for the Dow Jones Industrial Average jumped 137 points, or 0.6%, to 24,304

S&P 500 futures took on 13.5 points, or 0.5%, to 2,654.50, while futures for the NASDAQ composite index gained 38.25 points, or 0.6%, to 6,631

On Wednesday, Facebook CEO Mark Zuckerberg testified for the second time this week, this time in front of the House Energy and Commerce Committee, where he was questioned upon topics such as the guiding principles and legal obligations of the company.

On the corporate front meantime, BlackRock reported better-than-expected earnings and revenue.

On the data front Thursday, jobless claims are due out at 8:30 a.m. ET, along with import prices.

In a tweet, Trump said: "Never said when an attack on Syria would take place. Could be very soon or not so soon at all! In any event, the United States, under my Administration, has done a great job of ridding the region of ISIS. Where is our 'Thank you America?'"

Meanwhile, in Japan, the Nikkei 225 eased 0.1%, and in Hong Kong, the Hang Seng Index lost 0.2%.

Oil prices slid 32 cents to $66.50 U.S. per barrel.

Gold prices declined $10.50 to $1,349.50 U.S. an ounce.