Login
Become a Member
News
Short Week on Both Sides of Border
Stocks in Play
Dividend Stocks
Breakout Stocks
Tech Insider
CAD Daily Briefing
Stocks to Watch
Commodites
ETF's
The Week Ahead
Accesswire
Earnings Announcements
Dividend Announcements
Metals & Mining News
Commodity News
Crude Oil News
M & A News
OTC Company News
TSX Company News
Markets
Exciting End to Week for Markets
Market Update
Foreign Markets Update
North American Indices
TSX Sector Watch
TSX Sector Watch
Most Actives
New Listings – TSX
New Listings – TSX-Venture
Currencies
ETF's
Futures
Ratings / Research
Medipharm Labs "SPECULATIVE BUY"
Analyst Ratings
Research Reports
Sectors
Stock Screener
Interactive Charts
Dividends Calendar
Stock Splits Calendar
Earnings Calendar
Personal Finance
Why is the 416 housing market doing so much better than the 905 in the long-term?
Portfolio
Watch List
Watch List
Baystreet School
Prime Rates
GIC Rates
Deposit Account Rates
Compare Mortgage Rates
Compare Credit Cards
US Rates
SMALLCAP ALERTS
Economy
Economic Commentary
Economic Calendar
Global Economies
Global Economic Calendar
Glenn Wilkins
- Friday, September 21, 2018
Stocks could open higher on inflation figures
Retail sales also in picture
Futures pointed to a higher opening for Canada's main stock index on Friday, boosted by a rise in oil prices and ahead of key economic data.
The S&P/TSX Composite Index traveled 61.85 points higher to conclude Thursday at 16,211.77
The Canadian dollar fell 0.11 cents to 77.38 cents U.S. early Friday
September futures inched up 0.06% Friday
Canada and the United States showed scant sign on Thursday of closing a deal to revamp the North American Free Trade Agreement, and Canadian officials made clear Washington needed to withdraw a threat of possible auto tariffs, sources said.
IA Securities starts coverage on Surge Energy with buy rating and price target $4.00
On the economic calendar, Statistics Canada reported that the consumer price index rose 2.8% in the 12 months leading up to August, following a 3.0% increase in July. On a seasonally-adjusted monthly basis, the CPI was up 0.1% in August, after increasing 0.5% in July.
Retail sales rose 0.3% to $50.9 billion in July on higher sales at food and beverage stores and gasoline stations. Excluding the lower sales at motor vehicle and parts dealers, retail sales increased 0.9%.
ON BAYSTREET
The TSX Venture Exchange hiked 5.3 points Thursday to 719.75
ON WALLSTREET
U.S. stock index futures posted solid gains ahead of Friday's open, extending the positive run seen in the previous session on Wall Street.
Futures for the Dow Jones Industrials added 20 points, or 0.1%, to 26,747
S&P 500 futures slid 0.75 points to 2,938.75, while futures for the NASDAQ composite poked up 0.75 points to 7,609.50.
Both the Dow and S&P achieved record highs Thursday.
While no corporate earnings are due Friday, individual stocks news will likely keep investors alert. Twenty-First Century Fox and Comcast are heading for an auction this weekend to settle a takeover bid for British broadcaster Sky. The bidding procedure is due to kick off Friday evening and end on Saturday.
Trade tensions between the U.S. and China continue to rattle investors after both inflicted fresh tariffs on one another earlier this week. China's commerce ministry said Thursday that it hoped the States would show sincerity in trade negotiations.
Also Thursday, the U.S. administration inflicted sanctions on the Chinese military for purchasing missile systems and fighter jets from Russia.
Data due Friday includes the latest flash U.S. composite purchasing managers' index figures, scheduled for publication at 9:45 a.m. ET.
Overseas, in Japan, the Nikkei 225 gained 0.8% Thursday, while in Hong Kong, the Hang Seng index vaulted 1.7%.
Oil prices improved 56 cents at $70.88 U.S. a barrel.
Gold prices slid $2.20 to $1,209.10 U.S. an ounce.
Market Updates
Exciting End to Week for Markets
TSX Mirrors Rise in Energy Shares
Stocks Have Healthy Open
Oil Momentum Boosts Futures
TSX Maintains Gains
Previous Articles
Subscribe to Get Small Cap
News & Alerts