March futures on the S&P/TSX index dipped 0.1% at 0714 a.m. ET.
U.S. futures trickled lower after the big U.S. banks reported mixed earnings for the final quarter in 2022. [.N]
JPMorgan Chase and Wells Fargo & Co slid between 0.8% and 2.7% premarket after reporting fourth-quarter results.
The financials sector makes up 27.7% of the Toronto Stock Exchange.
Meanwhile, gold and crude oil prices were set for weekly gains as investor sentiment was aided by demand recovery hopes out of top consumer China and lower bets on the Federal Reserve remaining hawkish for longer. [O/R] [GOL/]
The Toronto Stock Exchange's S&P/TSX composite index ended 0.9% higher on Thursday, as U.S. data raised hopes that inflation was on a sustained downward trend. [.TO]
The benchmark index is set for its highest levels of weekly gains in four weeks with real estate, energy and healthcare sectors among top gainers.
Among stocks, gold royalty firm Maverix Metals Inc said its shareholders approved peer Triple Flag Precious Metals Corp's acquisition of the company.
COMMODITIES AT 7:14 a.m. ET
Gold futures: $1,127.7; +0.57% [GOL/]
US crude: $79.2; +1% [O/R]
Brent crude: $84.9; +0.95% [O/R]
U.S. ECONOMIC DATA DUE ON FRIDAY
University of Michigan Consumer Survey in Jan at 1000 ET
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
Canadian markets directory
($1 = C$1.3354)
(Reporting by Johann M Cherian in Bengaluru; Editing by Shailesh Kuber)
