Futures for Canada's main stock index rose on Friday as energy and mining stocks tracked firmer commodities, while investors awaited retails sales data for January.
The TSX tumbled 146.63 points to finish Thursday at 18,936.47
The Canadian dollar dipped 0.01 cents at 80.05 cents U.S.
June futures gained 0.2% Friday.
Thomson Reuters and some members of Refinitiv's management sold 10.4 million voting shares in London Stock Exchange Group for roughly 745 million pounds ($1.04 billion U.S.).
Cormark Securities resumed coverage on Calian Group with a buy rating.
Scotiabank cut the rating on Centerra Gold to sector perform from outperform.
ATB Capital Markets raised the price target on Trulieve Cannabis to $78.00 from $73.00
On the economic slate, Statistics Canada said retail sales fell for the second consecutive month, down 1.1% to $52.5 billion in January, primarily because of lower sales at clothing and clothing accessories stores, furniture and home furnishings stores, and sporting goods, hobby, book and music stores.
Elsewhere, the International Monetary Fund said Canada's economy is likely to rebound this year as long as COVID-19 is brought under control, but the government should introduce a "fiscal anchor" to ensure credibility in debt management.
ON BAYSTREET
The TSX Venture Exchange stumbled 17.54 points, or 1.8%, Thursday to 980.
ON WALLSTREET
U.S. stock futures pointed to a slight rebound on Friday as yields reversed some of the gains which caused a sell-off for tech stocks in the prior session.
Futures for the Dow Jones Industrials added 19 points, or 0.1%, to 32,784.
Futures for the S&P gained 7.75, or 0.2%, to 3,913.75.
The NASDAQ Composite index hiked 63 points, or 0.5%, to 12,842.75.
For the week, the Dow is up about 0.3%, while the S&P 500 is off by 0.7% and the NASDAQ is down 1.5%.
The moves come after the stock market struggled on Thursday, with tech stocks being particularly hard hit. The NASDAQ fell 3%, with Apple and Amazon seeing slightly larger losses.
The 10-year Treasury yield fell three basis points to 1.69%, retreating from a 14-month high a day earlier (one basis point equals 0.01%).
Shares of Zoom Video and Peloton, speculative tech shares that have been hit by valuation fears, rebounded by more than 1% in early pre-market trading.
Shares of FedEx jumped 3% in pre-market trading after the delivery company beat expectations on the top and bottom lines for its fiscal third quarter.
Nike’s stock slipped by 2% in early trading after third-quarter revenues were weaker than anticipated.
Overseas, in Japan, the Nikkei 225 fell 1.4% Friday, while in Hong Kong, the Hang Seng also declined 1.4%.
Oil prices slid 0.08 cents to $59.92 U.S. a barrel.
Gold prices jumped $6.90 to $1,739.40 U.S.
Stocks Hope to Make Up for Thursday Selloff
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