RTTNews - Canadian stocks will look to hold recent gains on Thursday after soaring to an eight-month high. Markets in Europe saw notable strength, which could provide a boost on Bay Street.

There's also plenty of corporate news to digest. Iamgold Corp. (IMG.TO) announced that its second quarter net earnings were US$44.1 million or US$0.12 per share, compared to US$33.2 million or US$0.11 per share for the prior year period.

Canam Group Inc. (CAM.TO) said its second-quarter net earnings plummeted to C$5.22 million or C$0.12 per share from C$12.05 million or C$0.25 per share in the prior year period.

Canaccord Capital Inc.'s (CCI.TO) first-quarter net income dipped to C$9.11 million or C$0.16 per share from C$16.46 million or C$0.31 per share in the prior year.

Crude oil prices slipped 13 cents to $71.84 per barrel after extending sharp gains yesterday. Copper also fell 2.55 cents to $2.7865 a pound, while gold gained $7.30 to $973.60.

Across the border, a Labor Department report showed that initial jobless claims fell to 550,000 from the previous week's revised figure of 588,000. Economists had been expecting jobless claims to edge down to 580,000 from the 584,000 originally reported for the previous week.

On Wednesday, the S&P/TSX Composite Index rose 28.83 points or 0.26% to settle at 11,046.93. With the rise, the market extended its best finish since early October.

For comments and feedback: contact editorial@rttnews.com