India, June 5 -- The Canadian market is likely to open on a cautious note on Thursday with investors looking for news from the trade front.
Canadian and U.S. jobs data, due on Friday may provide some clues about the outlook for growth. Higher commodity prices may prompt investors to pick up resources stocks.
On the Canadian economic front today, Canada's trade balance is due at 8:30 AM ET.
The Ivey PMI reading for the month of May is due at 10 AM ET.
Vermilion Energy Inc. (VET.TO) announced that it has agreed to sell its United States assets for about $120 million in cash. The company intends to use the proceeds to repay debt. It plans to reduce debt to $1.3 billion by the end of the year.
On Wednesday, Canadian stocks moved to the dow...