Bay Street Looks Headed For Positive Start

(RTTNews) - Canadian shares look headed for a positive start Thursday morning thanks to firm European markets and higher crude oil and gold prices. Investors will also be reacting to the European Central Bank's policy announcement, and producer price inflation data from the U.S. Empire Company Ltd. (EMP.A.TO) reported net earnings of $207.8 million ($0.86 per share) for the first quarter ended August 3, 2024, compared to net earnings of $261.0 million ($1.03 per share) last year. For the quarter, the Company recorded adjusted net earnings of $218.7 million ($0.90 per share) compared to $196.2 million ($0.78 per share) last year. Data on Canadian building permits for the month of July is due at 8:30 AM ET.