Canadian earnings season picked up pace, with telecom major
BCE Inc reporting a smaller-than-expected
fourth-quarter profit.
Peer Rogers Communications , luxury parka maker
Canada Goose and software firm Lightspeed Commerce are expected to report their quarterly results before
markets open.
Commodity prices, which tend to influence the
resources-heavy TSX, were higher, pointing to a positive start
for Canadian stocks.
Precious and base metal prices rose, boosted by weakness in
the dollar, while oil prices were steady. A weaker greenback
makes commodities more attractive for overseas buyers. After the Fed meeting on Wednesday, investors would be
looking for monetary policy decisions by the European Central
Bank and the Bank of England later in the day.
U.S. jobless claims and Canadian building permit numbers are
scheduled to be released later in the day.
(Reporting by Shashwat Chauhan in Bengaluru
Editing by Vinay Dwivedi)
Feb 2 (Reuters) - Futures for Canada's resources-heavy
main stock index edged higher on Thursday as commodity prices
rose, while dovish comments from U.S. Federal Reserve Chair
Jerome Powell boosted risk appetite globally.
Futures for the S&P/TSX index were up 0.2% at 6:17
a.m. ET (1117 GMT) after the benchmark closed lower on
Wednesday, though it climbed well above its session lows.
Markets cheered the Fed's smaller interest rate hike on
Wednesday and dovish cues from remarks by Powell, who said
during a news conference that the "disinflationary" process was
underway.
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