TSX futures rise on firmer oil prices, Fed's dovish stance
- The US central bank on Wednesday showed optimism about domestic economic recovery, but said it was too early to consider rolling back its emergency support with so many workers still left jobless by the pandemic.
- The Toronto Stock Exchange's S&P/TSX composite index ended 0.95% higher at 19,356.95 on Wednesday.
Futures for Canada's main stock index edged higher on Thursday as oil prices rose on bullish forecasts of recovering demand, while the US Federal Reserve's dovish policy stance supported demand for risk assets globally.
The US central bank on Wednesday showed optimism about domestic economic recovery, but said it was too early to consider rolling back its emergency support with so many workers still left jobless by the pandemic.
June-quarter futures on the S&P/TSX index were up 0.1% at 7:27 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index ended 0.95% higher at 19,356.95 on Wednesday.
Dow e-minis were up 132 points, or 0.39% at 07:27 a.m. ET, while S&P 500 e-minis were up 28 points, or 0.67% and Nasdaq 100 e-minis were up 144.5 points, or 1.04%.
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