Jan 23 (Reuters) - Futures tied to Canada's main stock index rose on Thursday, taking cues from Wall Street counterparts, ahead of U.S. jobs data and domestic retail sales numbers expected later in the day.
March futures on the S&P/TSX index were up 0.15% at 6.40 a.m. ET (1140 GMT).
Wall Street futures rose marginally on Thursday, as focus shifted to economic data, more corporate earnings and remarks from President Donald Trump later in the day.
U.S. weekly jobless claims data is expected at 8:30 a.m. ET, while Trump is expected to address the World Economic Forum in Davos virtually at 11:00 a.m. ET.
Canada's retail sales data is also due before the bell. The figure is seen as an early indicator of GDP growth that can allow investors to gauge the central bank's monetary policy stance.
Markets are currently pricing in an 81% probability of a 25-basis-point rate cut at the Bank of Canada's meeting next week.
The Toronto Stock Exchange's S&P/TSX composite index rose for the seventh successive session on Wednesday, as upbeat U.S. corporate earnings helped boost investor sentiment globally.
In commodities, oil prices , were little changed on Thursday on uncertainty over how Trump's proposed tariffs and energy policies would affect global economic growth and energy demand.
Gold prices also remained steady on the day, while copper prices came under pressure due to profit-taking by investors.
In corporate news, brokerage RBC downgraded the rating of farm heavy machinery and equipment provider AG Growth International to "sector perform" from "outperform".
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Reporting by Ragini Mathur in Bengaluru; Editing by Sahal Muhammed
Source: Reuters