Focus remains on earnings
Futures pointed to a slightly higher opening for
The S&P/TSX composite index gained 79.25 points to close Wednesday at 15,394.38, with futures up 0.1%.
The Canadian dollar nicked up
Potash Corp of Saskatchewan raised its full-year earnings outlook after second-quarter profit fell less than expected due to growing global fertilizer demand.
Encana posted a steeper-than-expected 31% fall in quarterly operating profit, hurt by lower gas production and prices.
Struggling with long delays in its CSeries jetliner, Bombardier announced on Wednesday that it will reorganize its business and cut 1,800 jobs.
On the economic slate, Statistics Canada reported that those receiving regular employment insurance benefits fell by 12,100 or 2.3%, after a year of little change. The total number of beneficiaries for the month was 504,100.
Upbeat economic data and strong corporate earnings could drive markets to another record Thursday.
Ahead of the opening bell, futures for the Dow Jones Industrials gained 25 points, or 0.2%, to 17.050. Futures for the S&P 500 gained 4.25 points, or 0.2%, to 1,985, and futures for the NASDAQ increased 14 points, or 0.4%, to 3,989.50.
General Motors said, in its earnings report, that it expects to pay between
The report comes one day after GM recalled another 718,000 vehicles.
Other companies also reported early Wednesday.
Ford shares moved higher after the automaker reported a quarterly pre-tax profit of
Shares of United Airlines rose 2% after the carrier announced a 51% surge in quarterly net income. The airline also announced a
Starbucks and Visa will report after the close.
Facebook shares surged nearly 9% after posting earnings that blew away expectations.
Qualcomm shares plunged 5% pre-market, with worries over the company's business in
AT&T slipped pre-market after reporting earnings that missed expectations by a penny.
Amazon and Pandora will report after the close.
Economically speaking, the U.S. government will report weekly jobless claims and new home sales made in June this morning.
There was good news from
Oil prices dipped
Gold prices slid
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