When Credit Suisse received a lifeline from the Swiss central bank, banking companies were subject to increased caution, which led to a decline in futures for Canada’s major stock index on Thursday. Nevertheless, rising commodity prices also helped limit losses.

At 6:56 a.m. ET (1056 GMT), the S&P/TSX index futures were down 0.2% while their American counterparts were neutral.

Financials, Canada’s largest sector by weight, had lost nearly 2% in the previous session.

The sudden failure of the U.S.-based Silicon Valley Bank and Signature Bank (NASDAQ:SBNY) and the recent decline in the stock price of Credit Suisse have rattled financial markets worldwide.

Credit Suisse announced it would borrow up to $54 billion from Switzerland’s central bank to calm the markets and boost investor confidence.

Canada’s benchmark index recorded its worst showing in over four months on Wednesday.

Before the markets open, investors will watch for a flurry of economic data coming out of the United States, such as weekly jobless claims, monthly import prices, and February home starts.

Back home, Canadian wholesale trade data for January is due at 8:30 am ET.

Gold prices were slightly up compared to the previous session when oil prices had fallen to 15-month lows.

Commodity-linked stocks account for nearly 31% of the Canadian benchmark.

Individual equities include First Quantum Minerals (OTC:FQVLF), which runs the Cobre Panama mine and has restored operations at the mine to normal levels, according to Franco-Nevada Corp., a royalty and streaming corporation specializing in the gold industry.

Alimentation Couche-Tard, a chain of convenience stores, announced that it is in exclusive talks to acquire certain retail assets from TotalEnergies, a French energy firm, for 3.1 billion euros ($3.29 billion) in cash.