Canadian Market Might Start Slightly Lower

(RTTNews) - Investors are closely awaiting the geopolitical developments on Thursday and possible election announcement on Sunday.

Canadian Industrial Product Price Index gained 0.4 percent in February.

Reports suggested that Canadian Prime Minister Mike Carney might call for snap elections on April 28. The announcement is expected on Sunday and the voting may be either on April 28 or May 5.

On the commodities front, Crude oil and Brent Futures are slightly positive.

Brent Crude Oil price is gaining 11 percent at 70.40, while WTI Crude oil is up 0.12 percent.

Gold is gaining 0.26 percent to 3049.70 and Silver is down 0.72 percent at 33.96. Copper is slightly down 0.02 percent at 5.10.

S&P/TSX Composite Index finished on Wednesday at 25,069.21.

The initial US. Jobless claims climbed 2000 points to 223,000, from the previous week's revised level of 221,000.

Asian stocks ended mixed on Thursday. European shares are trading mostly negative. CAC 40 of France is down 92.00 points or 1.13 percent. DAX of Germany is falling 369.23 points or 1.59 percent.

Euro Stoxx 50 that provides a Blue-chip representation of supersector leaders in the Eurozone, is down 1.17 percent.