BRP in focus
Canadian stocks looked set to open little changed on Thursday, a day after the
The S&P/TSX composite index slumped 12.22 points to end Wednesday at 14,843.88. Futures poked up 0.04% early Thursday.
The Canadian dollar was up
BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, reported a 9% rise in quarterly profit due to a foreign exchange gain on long-term debt and lower tax expenses.
Canadian Agriculture Minister
On the economic slate, Statistics Canada reported that its new Housing Price Index rose 0.2% in April, following identical increases in both February and March.
U.S. stock futures were relatively steady and making slight gains ahead of the opening bell, after markets broke their recent winning streak Wednesday.
Ahead of the opening bell, futures for the Dow Jones Industrials added two points to 16,857. Futures for the S&P 500 advanced 0.6 points to 1,944.50, and futures for the NASDAQ gained 0.75 points to 3,799.
Embattled retailer Lululemon is scheduled to release quarterly earnings before the market open. Lululemon shares plunged by more than 10% in premarket trading Thursday, the day after
Restoration Hardware shares soared in extended trading after the company reported earnings that beat analyst expectations.
Meanwhile, shares in fashion house Michael Kors were rising ahead of the open and Exelon shares were under pressure.
Also, Infosys shares were slipping before the bell on news that a new CEO was appointed to lead the IT services company.
Investors will be greeted by a variety of economic news Thursday.
European markets made mild gains in morning trading. Asian markets mostly closed with losses.
The price of crude oil on the
Oil prices hiked
Gold prices jumped
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