Canadian stocks may continue their hot streak Thursday after the European Central Bank made a desperate push to stimulate the euro zone economy.
The ECB lowered its deposit rate further into negative territory and boosted the size and scope of its asset-buying program.
There has been some initial enthusiasm on Wall Street, but global stocks have struggled to maintain gains after the ECB's previous attempts at stimulus.
On Tuesday, the S&P/TSX Composite Index rose 81.85 points, or 0.61 percent, to 13,392.90, its ninth daily gain in the past ten sessions.
Gold futures fought back from steep early losses on the ECB news, while crude oil prices held near their highest since early December.
Magna International (MG.TO) is opening a new seat-making facility in China.
Sobey's parent Empire Co. (EMP.A) reported a $1.36-billion loss after writing down the value of its Safeway business.
First Quantum Minerals Ltd. (FM.TO) will sell its Kevitsa nickel-copper-platinum mine in Finland for $712 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.