Futures tracking the S&P/TSX Composite index were higher on Thursday, extending their record highs and tracking the positive momentum for equities in North America as a rebound in the tech sector lifted risk-appetite, offsetting the impact of lower prices for commodities produced by major Canadian companies. Shopify stock was due for a higher open following stronger results from TSMC, triggering a rebound for companies in the AI space across the globe. In the meantime, the outlook for economic growth was also supported by optimistic remarks from Prime Minister Carney, hailing improving ties with China shortly after data showed lower trade volumes in North America. On the other hand, crude oil producers slipped after US President Trump downplayed the chances of US intervention in Iran, maintaining the outlook of ample supply of crude oil from the Middle East.
