TORONTO (Reuters) - Canada's main stock market opened strongly higher on Thursday, bolstered by strong gains in the energy sector, recouping some of Wednesday's sharp losses in the wake of deadly shootings in Ottawa.
U.S. stock futures advanced after equities halted a four-day rally yesterday, as higher profit forecasts from companies including Caterpillar Inc. and a surprise gain in euro-area manufacturing boosted confidence in the global economy.
Rogers Communications Inc. CEO Guy Laurence took a shot at BCE Inc. Thursday, calling his rival a �cry baby� for complaining to Canada's broadcast regulator over special hockey-viewing features available only to Rogers customers on its mobile app.
Canadian PressWithout a sustained increase in oil prices, the loonie will weaken at least another 4%, say the nation's two biggest lenders.
Softer-than-expected business outside of Canada and recent volatility that could negatively impact Canaccord Genuity Group Inc.'s capital market activity, prompted TD Securities to downgrade the independent broker on Thursday.