Early signals are positive as Canadian stocks look to build on yesterday's strong rally.
The S&P/TSX composite index jumped 224.44 points, or 1.6%, to close Wednesday at 14,301.80.
Bargain hunters swooped in for beaten-down energy and metal stocks as commodity prices trimmed heavy recent losses.
A fairly dovish statement from the Federal Reserve also helped improve the mood on Bay Street.
In corporate news, Cenovus Energy Inc. (CVE, CVE.TO) reported that its second-quarter 2015 net earnings fell to $126 million from $615 million in the second quarter of 2014. Earnings per share dropped to $0.15 from $0.81 last year. Cenovus reduced its dividend by 40%.
300 to 400 positions at its Calgary offices will be cut.
Aircraft and trains maker Bombardier Inc. (BBD_B.TO, BBD_A.TO) Thursday said its second-quarter net income totaled $125 million or $0.06 per share, compared to $155 million or $0.08 for the same period in the previous year.
Kinross Gold (K.TO) reported a net loss of $83.2-million, or $0.07 a share, compared with net earnings of $46-million, or $0.04 a share, for the comparable 2014 period. The company may also be cutting more jobs.
Potash Corp of Saskatchewan (POT.TO) reported a 12 percent drop in quarterly profit, missing Wall Street estimates.
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