© Reuters. FILE PHOTO: A sign board displaying Toronto Stock Exchange (TSX) stock information is seen in Toronto June 23, 2014. REUTERS/Mark Blinch
(Reuters) – Futures for Canada’s main stock index rose on Thursday on higher gold prices and as global stocks steadied as a dip in oil prices calmed investor nerves about surging inflation and aggressive policy tightening.
June futures on the S&P/TSX index were up 0.3% at 6:50 a.m. ET.
World shares were largely steady after recent weakness as a drop in oil prices on bets Saudi Arabia may boost production helped balance concerns over surging inflation and monetary policy tightening.[MKTS/GLOB][O/R]
Gold prices rose on Thursday, with greenback-priced bullion drawing on support from slightly lower U.S. Treasury yields and a retreat in the dollar. [GOL/]
Data for Canada’s April building permits is due at 8:30 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index ended 0.1% lower at 20,713.72 on Wednesday. It was the second straight session of declines for the index after it posted on Monday its highest closing level in nearly four weeks. ()
were up 116 points, or 0.35% at 6:50 a.m. ET. were up 18.75 points, or 0.46%, and were up 78 points, or 0.62%. [.N]
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