March 23 (Reuters) - Futures for Canada's main stock
index were slightly up on Thursday as bullion advanced but lower
crude oil prices kept a lid on gains for the commodity-heavy
bourse.
March futures on the S&P/TSX index were up 0.2% at
7:11 a.m. ET.
On Wednesday, U.S. Federal Reserve Chair Jerome Powell
hinted towards a possible pause in monetary tightening in the
future, while also noting that credit risks in the world's
largest economy would not bode well for economic growth.
Crude oil prices fell on fears of weakening demand, while
safe-haven assets like gold rose. Among company news, business jet maker Bombardier Inc raised its 2025 revenue and free cash flow targets at
its investor day, capitalizing on strong demand for private
flights.
National Bank of Canada upgraded Boyd Group Services Inc to "outperform" from "sector perform".
In the previous session, the S&P/TSX composite index ended 0.8% down dragged by losses in financials and
energy stocks. Dow e-minis were up 66 points, or 0.2% at 7:11 a.m.
ET, while S&P 500 e-minis were up 19 points, or 0.48%
and Nasdaq 100 e-minis were up 114.75 points, or 0.9%. COMMODITIES AT 7:00 a.m. ET
Gold futures : $1,980.9; +1.6% US crude : $70.28; -0.8% Brent crude : $76.19; -0.7% U.S. ECONOMIC DATA DUE ON THURSDAY
Initial Weekly Jobless Claims due at 8:30 a.m. ET
Feb New Home Sales due at 10:00 a.m. ET
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TSX market report Canadian dollar and bonds report Reuters global stocks poll for Canada Canadian markets directory ($1 = 1.3681 Canadian dollars)
(Reporting by Johann M Cherian in Bengaluru; Editing by Sriraj
Kalluvila)
