Futures tied to Canada's main stock index were little changed early on Friday, as investors digested jobs data and weighed the durability of the rally led by artificial intelligence stocks.
The TSX slid 234.89 points to close Thursday at 29,868.59.
December futures were unchanged Friday.
The Canadian dollar poked 0.02 cents to 70.88 cents U.S.
The index is on track for a 1.2% weekly drop - its steepest since early October - if losses hold. That comes despite a brief reprieve on Wednesday, when the TSX notched its biggest single-day gain in three weeks.
Meanwhile, Prime Minister Mark Carney's debut budget proposal earlier this week failed to ignite investor enthusiasm. While pitched as a "generational investment" plan to fortify the economy and brace for trade tensions with the U.S., some analysts called Tuesday's document a missed opportunity.
On the corporate front, Canadian National Railway announced a $700-million debt offering. What’s more, Wheaton Precious Metals said its third quarter revenue jumped, lifted by higher prices of gold.
Economically speaking, Statistics Canada reports employment increased by 67,000 (+0.3%) in October, the second consecutive monthly increase, and the employment rate rose 0.2 percentage points to 60.8%. The unemployment rate declined 0.2 percentage points to 6.9%.
ON BAYSTREET
The TSX Venture Exchange plummeted 25 points, or 2.8%, to 875.89
ON WALLSTREET
Stock futures moved lower Friday after a pullback in the market’s biggest technology names led to a losing session for U.S. equities — and put the major averages on pace for a losing week.
Futures for the Dow Jones Industrials handed back 117 points, or 0.3%, to 46,911.
Futures for the S&P 500 index dipped 23.25 points, or 0.3%, to 6,724.25.
Futures for the NASDAQ sank 135.5 points, or 0.5%, to 25,108.75.
Nvidia shares were down nearly 1% in premarket, set to add to their 7% weekly loss. Fellow leading artificial intelligence player Oracle fell around 1% and was similarly on track for 7% decline on the week.
Palantir Technologies, down 12% on the week, and Broadcom, off by 4% this week, were also lower in early trading.
Key AI leaders lost steam on Thursday, with Nvidia, Advanced Micro Devices, Tesla and Microsoft posting significant declines that weighed on the broader market. The drop in stocks was also exacerbated by data reflecting job cuts for October hit the highest level for the month in more than two decades, making 2025 the worst year for layoffs since 2009.
The S&P 500 is down 1.8% week to date, while the 30-stock Dow Jones Industrial Average is down 1.4% and the NASDAQ has lost nearly 2.8% during the period.
In Japan, the Nikkei 225 docked 1.2% Friday, while in Hong Kong, the Hang Seng lost 0.9%
Oil prices took on 44 cents to $59.87 U.S. a barrel.
Gold prices forged up $14.70 to $4,005.70 U.S. per ounce.
