Stock futures pointed to a flat opening for stocks in this country on Friday as investors digested a report on inflation.
The S&P/TSX Composite Index gained 71.37 points to conclude Thursday at 15,219.90. September futures gained 0.06% early Friday.
The Canadian dollar was virtually unchanged at 75.56 cents U.S. early Friday.
BlackBerry reported first-quarter revenue that missed analysts' estimates as the company received fewer orders from its enterprise customers.
Kinder Morgan Canada told regulators four of Canada's biggest banks are the largest providers of $5.5 billion in credit for the company’s Trans Mountain pipeline expansion project.
TD Securities raised the price target on Bombardier to $2.15 from $2.05
National Bank of Canada raised the rating on Home Capital Group to sector perform from underperform
Deutsche Bank cut the target price on Silver Standard Resources to $14.00 from $14.50
On the economic slate, Statistics Canada reported that May’s consumer price index tallied 1.3% on a year-over-year basis in May, following a 1.6% increase in April.
The agency adds that, on a seasonally-adjusted monthly basis, retail inflation was down 0.2% in May, after increasing 0.4% in April.
ON BAYSTREET
The TSX Venture Exchange dropped 0.73 points Thursday to 771.07
ON WALLSTREET
U.S. stock index futures pointed to a flat to lower open on Friday, as investors await the latest economic releases and speeches from Federal Reserve members, while maintaining a close eye on oil.
Ahead of the opening bell, futures for the Dow Jones Industrials slumped 36 points, or 0.2%, to 21,312. Futures for the S&P 500 inched up 0.25 points to 2,432. NASDAQ futures fell 7.25 points, or 0.1%, to 5,778.50.
Blackberry is set to report its latest corporate results on a day empty of earnings reports.
Economic data is expected to keep investors busy south of the border, with manufacturing Purchasing Managers Index (PMI) data and services PMI data due out, followed by the latest new home sales data.
On the central bank front, a whole host of speeches are set to take place by Fed officials on Friday. In Nashville, St. Louis Fed President James Bullard is expected to appear at the Illinois Bankers Association's annual conference, where he is expected to comment upon the U.S. economy and monetary policy.
Cleveland Fed President Loretta Mester will be at the 2017 Policy Summit on Housing, Human Capital, and Inequality in Cleveland, where she's likely to talk about community development.
In the meantime, Fed Governor Jerome Powell will be speaking at The Federal Reserve Bank of Chicago Symposium on Central Clearing.
The speeches come just a day after the central bank revealed that 34 of the U.S.' largest banks had all cleared the first stage of an annual stress test.
European markets were trading generally lower as of noon on the continent, while, in Asia, the Nikkei 225 in Japan squeezed higher 0.1%, while Shanghai’s CSI 300 vaulted 0.9%
Oil prices took on seven cents to $42.81 U.S. per barrel.
Gold prices climbed $8.30 to $1,257.70 U.S. an ounce.
