Aug 7 (Reuters) - Futures for Canada's main stock index
bounced back on Wednesday after the index fell to week lows in
the previous session in a catch-up to Monday's global stocks
rout, while a bump in oil and gold prices further helped the
recovery.
September futures on the S&P/TSX index were up 0.6%
at 6:43 a.m. ET (10:43 GMT).
The Toronto Stock Exchange's S&P/TSX composite index
ended 1.1% lower on Tuesday, logging its third
straight session of declines and closing at its lowest since
July 2.
Technology and mining shares led broader declines as
investors caught up to Monday's heavy sell-off that rattled
markets during a Canadian market holiday.
TSX futures pointed to a recovery on Wednesday, in sync with
the global markets that recouped some losses on Tuesday.
U.S. stock index futures jumped as risk appetite returned
after the sell-off and following cautious comments from a Bank
of Japan policymaker.
Meanwhile, oil prices rose by over $1, while gold prices
inched up on safe-haven demand, bringing Canadian energy and
materials sectors into the limelight.
Copper prices, however, continued their downward trend after
Chinese data showed weak demand and a surge in inventories
highlighted excess supply.
Data-wise, domestic employment figures are due on Friday
that will shed more light on the country's labour market.
Investors will parse through a slew of corporate reports,
including names like Manulife Financial ( MFC ) among others.
Shopify ( SHOP ) beat analysts' estimates for quarterly
revenue as its AI-powered tools helped pull in more merchants to
its e-commerce services.
Air Canada ( ACDVF ) reported a lower second-quarter profit,
as excess capacity in certain markets and stiff competition on
international routes hurt its pricing power.
COMMODITIES AT 6:43 a.m. ET
Gold futures: $2,402.1; +0.1%
US crude: $74.17; +1.3%
Brent crude: $77.52; +1.4%
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($1= C$1.3746)