Cannabis Rally Powers Spike in FuturesPosted by On


Feb 11, 2021 (Baystreet.ca via COMTEX) —

Equity futures in Canada took off from the runway on Thursday, a day after the main index hit a record high on the back of a sharp rally in cannabis companies, set to continue.

The S&P/TSX Composite gained 49.16 points to conclude Wednesday at 18,457.78.

The Canadian dollar picked up 0.17 cents to 78.91 cents U.S.

March futures grew 0.3% Thursday.

Canada’s top two life insurers, Manulife Financial and Sun Life Financial expressed optimism about 2021, despite continued uncertainty around the COVID-19 pandemic after both reported better-than-expected fourth-quarter

profits.

Bombardier said it would cut about 1,600 jobs and reported an adjusted loss before interest and taxes for the fourth quarter, as the COVID-19 pandemic weighs down aircraft demand.

Restaurant Brands International reported quarterly revenue above Wall Street estimates, as the Burger King parent continues to ride high on the strength of the popular chicken sandwich from its Popeyes chain.

What’s more, Scotiabank raised the target price on WSP Global to $125.00 from $115.00

CIBC raised the target price on Canopy Rivers to $4.00 from $1.60.

RBC raises target price on Precision Drilling to $42.00 from $32.00.

ON BAYSTREET

The TSX Venture Exchange lost 6.44 points Wednesday to 1,064.85.

ON WALLSTREET

U.S. stock index futures rose in early morning trading on…

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Feb 11, 2021 (Baystreet.ca via COMTEX) —

Equity futures in Canada took off from the runway on Thursday, a day after the main index hit a record high on the back of a sharp rally in cannabis companies, set to continue.

The S&P/TSX Composite gained 49.16 points to conclude Wednesday at 18,457.78.

The Canadian dollar picked up 0.17 cents to 78.91 cents U.S.

March futures grew 0.3% Thursday.

Canada’s top two life insurers, Manulife Financial and Sun Life Financial expressed optimism about 2021, despite continued uncertainty around the COVID-19 pandemic after both reported better-than-expected fourth-quarter

profits.

Bombardier said it would cut about 1,600 jobs and reported an adjusted loss before interest and taxes for the fourth quarter, as the COVID-19 pandemic weighs down aircraft demand.

Restaurant Brands International reported quarterly revenue above Wall Street estimates, as the Burger King parent continues to ride high on the strength of the popular chicken sandwich from its Popeyes chain.

What’s more, Scotiabank raised the target price on WSP Global to $125.00 from $115.00

CIBC raised the target price on Canopy Rivers to $4.00 from $1.60.

RBC raises target price on Precision Drilling to $42.00 from $32.00.

ON BAYSTREET

The TSX Venture Exchange lost 6.44 points Wednesday to 1,064.85.

ON WALLSTREET

U.S. stock index futures rose in early morning trading on…



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