Canadian stock futures were little changed on Friday as investors awaited second-quarter results from major U.S. banks.
The S&P/TSX Composite Index slumped 8.99 points to wrap up Thursday at 15,135
September futures inched back 0.02% early Friday.
The Canadian dollar inched up 0.06 cents to 78.6 cents early Friday
A senior investment advisor at Toronto-Dominion Bank reportedly left the company after an internal investigation found that he had placed Blackbird Energy shares with clients not suited to investing in high-risk stocks.
Sears Canada was granted court approval on Thursday to proceed with a sale process that would allow the retailer to consider a range of potential deals, according to court documents.
National Bank of Canada cut the rating on Cineplex to sector perform from outperform
National Bank of Canada resumed coverage on NewCastle Gold with outperform
ON BAYSTREET
The TSX Venture Exchange surrendered 5.55 points Thursday to 752.93
ON WALLSTREET
U.S. stock index futures pointed to a flat open on Friday as traders awaited the release of corporate earnings and looked to Paris where President Donald Trump is visiting French President Emmanuel Macron for Bastille Day celebrations.
Ahead of the opening bell, futures for the Dow Jones Industrials gave up five points to 21,504. Futures for the S&P 500 slipped 1.5 points, or 0.1%, to 2,444. NASDAQ futures nicked up 1.75 points to 5,799.25
In a joint news conference in Paris Thursday, Trump indicated that "something could happen" to alter his decision to pull the U.S. out of the Paris climate accord
JPMorgan Chase reported second-quarter earnings that beat on both the top and bottom line Friday morning, as strong lending results offset declines in trading. Earnings per share came in at $1.82 versus $1.58 estimated by analysts' consensus.
Citigroup reported better-than-expected second-quarter results Friday. The stock, however, fell 1% in the pre-market after the bank reported a slowdown in trading results. The bank posted earnings per share of $1.28 on revenue of $17.901 billion, topping analyst expectations.
Friday will see the release of retail sales and consumer price data, as well as consumer sentiment and business inventory figures.
European markets pulled slightly ahead Friday afternoon, while Japan’s Nikkei 225 eked up 0.1% and Shanghai’s CSI 300 gained 0.4%
Oil prices acquired 55 cents to $46.63 U.S. per barrel.
Gold prices gained $3.60 to $1,220.90 U.S. an ounce.
