Futures Improve in Week’s Final Session

Banks in Focus

Canada's main stock index futures were up on Friday, as investors were hopeful about China's willingness to work with the U.S. on the trade deal.

The TSX Composite Index slipped 6.63 points to end Thursday at 16,999.19

The Canadian dollar nicked ahead 0.02 cents to 75.32 cents U.S. early Friday

December futures improved 0.2% early Friday.

Toronto Dominion Bank has been added to a global list of systemic banks that must hold extra capital with Deutsche Bank dropping a rank, the Financial Stability Board said on Friday.

National Bank of Canada raises the price target on Bank of Montreal to $110.00 from $109.00

National Bank raised the price target on Laurentian Bank to $40 from $38.00

National Bank also raises the price target on Royal Bank to $117.00 from $111.00

On matters economic, Statistics Canada says retail sales ended their win streak at three months, edging down 0.1% to $51.6 billion in September.

The agency went on to say the decline came from lower sales at motor vehicle and parts dealers and gasoline stations. Excluding these two sub-sectors, retail sales rose 0.7%.


The TSX Venture Exchange climbed 4.89 points Thursday to 529.03


U.S. stock index futures were slightly higher Friday morning, following three straight days of market losses.

Futures for the Dow Jones Industrials gained 42 points, or 0.2%, Friday to 27,790.

Futures for the S&P 500 added 4.25 points, or 0.1%, at 3,108.25.

The NASDAQ Composite moved higher 16.75 points, or 0.2%, to 8,291.25.

Foot Locker and J.M. Smucker are among the firms announcing earnings Friday.

On the data front, manufacturing Purchasing Managers’ Index (PMI) and service-sector PMI figures for November will be released at around 9:45 a.m. ET. Consumer sentiment for November and the latest Kansas City Fed Survey will follow slightly later in the session.

Wall Street closed lower on Thursday amid uncertainty over U.S.-China trade. Chinese President Xi Jinping said Friday that Beijing wants to work for a trade deal with the U.S. but is not afraid to "fight back." Reinforcing the upbeat tone adopted by China in recent days, Xi told a visiting U.S. business delegation that China holds a ‘positive attitude’ toward the trade talks.

Overseas, in Japan, the Nikkei 225 gained 0.3% Friday, while in Hong Kong, the Hang Seng Index picked up 0.5%.

Oil prices fell 22 cents to $58.36 U.S. a barrel.

Gold prices gained $5.80 to $1,469.40 U.S. an ounce.