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