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May 26, 2021, 8:57 a.m. EDT

Equities to Climb on Softer Greenback

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May 26, 2021 (Baystreet.ca via COMTEX) -- Futures for Canada's main stock index rose on Wednesday as gold prices jumped on the back of softer Treasury yields and a weaker dollar, after U.S. Federal Reserve officials downplayed inflation concerns.

The TSX drifted closer to the breakeven as Tuesday's closing bell drew near, but still managed to gain 36.82 points to 19,608.37.

The Canadian dollar slumped 0.16 cents Wednesday to 82.72 cents U.S.

June futures increased 0.4% Wednesday.

Bank of Montreal beat analysts' estimates for second-quarter profit, as the lender set aside lower-than-expected provisions in the quarter.

National Bank of Canada raised the target price on TFI International to $129.00 from $115.00

TD Securities raised the target price on Kelt Exploration to $3.75 from $3.50.

ON BAYSTREET

The TSX Venture Exchange retreated 2.26 points Tuesday to 954.96.

ON WALLSTREET

Stock futures ticked marginally higher after the market stalled Tuesday, with major indexes ending the regular session slightly lower.

Futures for the Dow Jones Industrials climbed 82 points, or 0.2%, to 34,353.

Futures for the S&P 500 gained 13.5 points, or 0.3%, to 4,199.

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