The Canadian stock market ended higher on Thursday, extending its gains to a third successive session as higher oil prices, upbeat economic data and slightly fading worries about trade war lifted sentiment.
Canadian stocks are gaining in strength Thursday morning, extending gains from recent sessions, with investors reacting positively to economic data out of Canada and the U.S. and on optimism the U.S. and China will work out a trade agreement sometime soon.
A steady trend in European markets and higher Canadian and U.S. futures point to a positive opening for Canadian shares on Thursday.
The Canadian stock market recovered after a weak start ended modestly higher on Wednesday, as reports that the U.S. government was considering to delay imposing tariffs on the auto industry by six months.
The Canadian stock market recovered after a weak start Wednesday morning, and was up with modest gains a little before noon, with information technology shares seeing some strong buying.
The Canadian stock market is likely to open on a cautious note on Wednesday, with weak industrial output and retail sales growth data raising concerns about the impact of U.S.-China trade war on the global economy.
Canadian stocks ended on a firm note on Tuesday, as worries about U.S.-China trade conflict eased a bit after comments from both the countries suggested that they will eventually reach a trade deal despite the retaliatory tariffs announced by China.
The Canadian stock market is up in positive territory, with stocks rebounding after recent losses, amid renewed optimism about U.S.-China trade deal after a somewhat conciliatory comment from U.S. President Donald Trump.
Higher Canadian and U.S. stock futures and positive trend in Europe point to a higher opening in the Canadian stock market on Tuesday.