TSX Futures Point to Higher Open
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Futures tracking the S&P TSX Composite index were firmly higher on Thursday, halting sharp losses from the prior two sessions and tracking the rebound in US equities after strong results from Nvidia limited fears of an AI bubble detached from fundamentals.
The tech giant signaled that AI infrastructure is backed by sales that are unlikely to wane, lifting, supporting the North American tech sector and setting up Shopify and CGI for higher earnings.
The rebound in risk sentiment also supported industrials and miners due to their exposure to datacenter infrastructure.
In the meantime, respite for crude oil prices were due to support major energy producers traded in Toronto.
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