Jan 23 Reuters Futures tied to Canada39;s main stock index rose on Thursday, taking cues from Wall Street counterparts, ahead of U.S. jobs data and domestic retail sales numbers expected later in the day.

March futures on the SPTSX index were up 0.15 at 6.40 a.m. ET 1140 GMT.

Wall Street futures rose marginally on Thursday, as focus shifted to economic data, more corporate earnings and remarks from President Donald Trump later in the day.

U.S. weekly jobless claims data is expected at 830 a.m. ET, while Trump is expected to address the World Economic Forum in Davos virtually at 1100 a.m. ET.

Canada39;s retail sales data is also due before the bell. The figure is seen as an early indicator of GDP growth that can allow investors to gauge the central bank39;s monetary policy stance.

Markets are currently pricing in an 81 probability of a 25basispoint rate cut at the Bank of Canada39;s meeting next week.

The Toronto Stock Exchange39;s SPTSX composite index rose for the seventh successive session on Wednesday, as upbeat U.S. corporate earnings helped boost investor sentiment globally.

In commodities, oil prices , were little changed on Thursday on uncertainty over how Trump39;s proposed tariffs and energy policies would affect global economic growth and energy demand.

Gold prices also remained steady on the day, while copper prices came under pressure due to profittaking by investors.

In corporate news, brokerage RBC downgraded the rating of farm heavy machinery and…