Futures for Canada’s main stock index jumped on Wednesday, ahead of the Bank of Canada’s interest rate verdict and the U.S. Federal Reserve Chair Jerome Powell’s congressional testimony, while higher crude prices also supported gains.
The TSX Composite fell just short of breakeven, 5.14 points, to conclude Thursday at 21,525.93
March futures shot up 0.6% Wednesday.
The Canadian dollar moved higher 0.08 cents to 73.66 cents U.S.
In corporate news, Nuvei Corp reported its fourth-quarter results above analysts’ estimates.
At about 10 a.m. EST, the Bank of Canada is set to come out with its rate announcement. Shortly afterwards, the IVEY School of Business will release its Purchasing Managers Index for February.
ON BAYSTREET
The TSX Venture Exchange swooned 7.06 points, or 1.2%, Tuesday to 568.28.
ON WALLSTREET
U.S. stock futures rose…
