Canadian Market Might Start Lower

Corporate Performance - Canadian Tire Corp. reported a decline in fourth quarter earnings, with net income attributable to shareholders falling to C$211 million from C$385.4 million in the prior year, representing a decrease of approximately 45.2% [3] Market Trends - The S&P/TSX Composite Index reached a new record closing high of 33,389.73, increasing by 493.18 points or 1.5% [2] - U.S. major averages finished higher, with the Nasdaq up 175.25 points or 0.8% to 22,753.63, the S&P 500 climbing 38.09 points or 0.6% to 6,881.31, and the Dow rising 129.47 points or 0.3% to 49,662.66 [5] - Asian shares mostly finished higher, with the Nikkei average rising 0.57% to 57,467.83 and the S&P/ASX 200 jumping 0.88% to 9,086.20 [4] Commodity Prices - Crude oil prices advanced, with Brent Crude gaining 1.71% to $71.55 [1] - Gold surged above $5,000 an ounce, with U.S. gold futures currently at $5,003.40, down 6.30 [2]