Stock futures pointed to a higher opening for Canada's main stock index Thursday as investors held on to hopes for a satisfactory resolution to the Greek debt talks.
The S&P/TSX composite index gained 42.60 points to close Wednesday at 14,947.51
Empire Company Ltd is to report earnings today, expecting Q4 earnings of $1.49 per share
Inscape Corp is expecting a Q4 loss of 26 cents per share
Shaw Communications Inc is expecting Q3 earnings of 50 cents per share
CIBC cut the target price on AGF Management to $6.50 from $7,00 to reflect the company’s challenge to generate gross sales.
Canaccord Genuity raised the rating on Gran Tierra Energy Inc.to buy from hold after the company highlighted an increase in its capital program from $140 million to $185 million.
CIBC raised the target price on Redknee Solutions Inc.to $6 from $4.50 saying that the company’s acquisition of Orga Systems out of bankruptcy is a positive for scale.
ON BAYSTREET
The TSX Venture Exchange fell 2.72 points Wednesday to 680.48
ON WALLSTREET
U.S. stock futures are pointing up, but the mood in European markets is mixed in early trading, and Asian stocks mostly closed with losses.
Ahead of the opening bell, futures for the Dow Jones Industrials hiked 72 points, or 0.4%, to 18,955, futures for the S&P 500 moved up 7.5 points, or 0.4%, to 2,107, and futures for the NASDAQ gained 17.5 points, or 0.4%, to 4,533/25.
Barnes & Noble is reporting before the market opens. Last quarter, the company reported a slump in revenue as sales related to its Nook e-reader dropped by about 50% compared to the same period in the previous year. The Nook has failed to keep up with Amazon's Kindle.
After the close, sports retail giant Nike will report earnings. The company's stock price recently hit a fresh all-time high after rising by 10.5% since the start of the year. Investors have been especially enthusiastic after the company landed a deal with the NBA to be its exclusive uniform provider.
Shares in Bed Bath & Beyond are dipping about 2.2% in extended trading after the company reported quarterly results that came in slightly below market expectations.
This morning, the U.S. Department of Labor will report its latest weekly jobless claims. The Bureau of Economic Analysis will report personal income and spending figures for the month of May.
Negotiations over Greece's dire financial situation are dragging on, putting a damper on market enthusiasm in Europe.
Oil prices slipped 23 cents to $60.04 U.S. a barrel
Gold prices fell 20 cents at $1,172.70 U.S. an ounce.
