The TSX Composite hiked 395.61 points, or 2%, to close Wednesday at 20,629.45.
December futures zoomed 0.6% early Thursday.
The Canadian dollar leaped 0.37 cents to 74.40 cents U.S.
TMX Group said it had acquired an around 78% stake in U.S. data analytics company VettaFi Holdings for $1.14 billion.
Pembina Pipeline said it would buy Enbridge's interests in the Alliance Pipeline, Aux Sable and NRGreen joint ventures for $3.1 billion.
Canadian Natural Resources expects production to increase in 2024, while Cenovus Energy forecast higher capital expenditure in 2024.
On the economic slate, in October, manufacturing sales decreased 2.8% in October, mainly on lower sales of petroleum and coal product, machinery, and computer and electronic product subsectors.
Also in October, motor vehicle sales in this country registered at 151,100, down from 163,280 in the prior-year month.
ON BAYSTREET
The TSX Venture Exchange surged 4.05 points Wednesday to 526.97.
ON WALLSTREET
U.S. stock futures climbed Thursday, boosted by a sharp decline in Treasury yields, after the Federal Reserve pointed to multiple rate cuts in 2024 which pushed the Dow Jones Industrial Average to a record-high close.
Futures for the 30-stock index amassed 101 points, or 0.3%, to 37,589.
The Dow on Wednesday jumped more than 1% to reach a record high above 37,000 after the Federal Open Market Committee indicated it may cut rates three times next year.
Futures for the S&P 500 gained 14 points, or 0.3%, at 4,775.75.
Futures for the NASDAQ hiked 53.75 points, or 0.3%, to 16,831.
The S&P 500 and NASDAQ also reached fresh 52-week highs on Wednesday. The S&P could soon join the Dow in record territory, as the index 2% away from reaching its best ever close of 4,796.56 reached on in January 2022. The NASDAQ is 9% away from its closing record.
In extended trading Wednesday, shares of Adobe declined by more than 4% following muted guidance for 2024 earnings and revenue.
Investors will be keeping an eye on economic data on Thursday. Weekly jobless claims will be released at 8:30 a.m. ET. November’s retail sales and imports data are also due that morning, as well as October’s business inventories report.
In Japan, the Nikkei 225 fell 0.7% Thursday, while in Hong Kong, the Hang Seng Index jumped 1.1%.
Oil prices headed higher $1.64 to $79.11 U.S. a barrel.
Gold prices soared $53.10 to $2,050.40 U.S. an ounce.