Investor Alert

Jan. 16, 2020, 8:43 a.m. EST

Futures Hike Following Trade Deal

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Jan 16, 2020 (Baystreet.ca via COMTEX) -- Futures for stocks in Canada's biggest centre rose on Thursday as the U.S. and China signed their Phase-One trade deal, relieving market jitters after the 18-month trade conflict.

The TSX Composite Index gained 62.27 points to conclude Wednesday at 17,415.17.

March futures progressed 0.2% early Thursday.

The Canadian dollar nicked up 0.01 cents to 76.69 cents U.S. early Thursday.

Bombardier said on Thursday it expects full-year results to be lower than previously forecast, hurt partly by challenging rail projects.

Magna International on Thursday said it expects lower vehicle sales in 2020, hurt by a stronger dollar, the sale of its fluid pressure and controls business and lower light-vehicle output in Europe.

Barrick Gold said on Thursday it expects fourth-quarter gold production to be higher than the third quarter, benefiting from strong output from its Turquoise Ridge gold mine in Nevada.

RBC assumes coverage on Computer Modelling Group with a sector perform rating and target price of $8.50

RBC assumes coverage on Evertz Technologies with sector perform rating and target price of C$19

Citigroup raised the target price on Imperial Oil to $31.00 from $30.00

On the economic slate, the Canadian Real Estate Association said MLS sales edged down by 0.9% in December. This ended a streak of monthly gains that began last March. Activity is currently about 18% above the six-year low reached in February 2019 but ends the year about 7% below the heights recorded in 2016 and 2017


The TSX Venture Exchange nicked higher 2.15 points Tuesday to 574.43

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