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Bay Street Headed For Positive Start

Canadian shares look headed for a positive start on Thursday amid easing worries about U.S.-China trade dispute on reports the two countries will hold Ministerial level trade talks in October.

U.S. and Canadian stock futures moved higher Thursday morning and most of the major markets across Europe have gained in strength amid easing worries about geopolitical and trade tensions.

On Wednesday, the benchmark S&P/TSX Composite Index ended up 49.61 points, or 0.3%, at 16,448.84, about 101 points off the day's high of 16,549.99.

In company news, BlackBerry Limited (BB.TO) and Jaguar Land Rover have expanded their partnership for developing next generation vehicles. The expanded collaboration is expected to help improve vehicle safety across a range of capabilities, including predictive software maintenance and cybersecurity threat protection.

In economic news, a report from the Toronto Real Estate Board says home sales in the Greater Toronto Area in August were up 13.4% compared with a year ago. On a month-over-month basis, seasonally adjusted sales were up 0.8%.

Asian stocks ended broadly higher on Thursday as easing political tensions in Hong Kong and Britain helped improve investors' appetite for risk.

Investors also cheered news that the U.S. and China have agreed to hold ministerial-level trade talks in Washington in early October.

European markets were moving higher amid renewed optimism about trade talks and on easing political concerns and hopes about monetary easing by central banks.

The United States and China have agreed to hold talks in Washington early next month in a bid to ease trade war tensions.

In commodities, crude oil futures for October were up $0.14, or 0.25%, at $56.40 a barrel.

Gold futures for December were declining $8.40, or 0.54%, at $1,552.00 an ounce.

Silver futures for December were down $0.147, or 0.75%, at $19.400 an ounce, while Copper futures for December were up $0.0355, or 1.3%, at 2.6305 per pound.

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