FX.co ★ Canadian Stocks Due for Higher Open

On Thursday, the S&P/TSX Composite Index in Canada was set to open higher, reflecting a positive trend in North American equities. This uptick came after U.S. President Trump decided against pursuing the acquisition of Greenland and eased off on imposing tariffs on prominent trading partners. This shift in risk sentiment bolstered the broader financial and industrial sectors on the Toronto Exchange, benefiting from a rebound in North American sovereign bond markets and a more favorable trade outlook. Conversely, sectors backed by resources were expected to experience limited gains, as the recent decrease in crude oil prices and gold benchmarks placed pressure on their producers. In parallel, Canadian Pacific Kansas City announced plans to purchase 30 Tier 4 locomotives, part of its $800 million investment commitment in U.S. businesses.