Futures for stocks in Canada’s biggest market pointed to a near flat opening on Friday as investors shrugged off the latest missile test by North Korea.
The S&P/TSX Composite Index climbed 45.91 points to close Thursday at 15,172.72
September futures were down 0.02% on Friday morning.
The Canadian dollar nicked higher 0.09 cents to 82.33 cents U.S. Friday morning.
Greece granted Eldorado Gold another permit for its Olympias mining project in an attempt to defuse tension with the Vancouver-based company, which had threatened to halt investment in the country.
Bank of Canada senior deputy governor Carolyn Wilkins said on Thursday, while the central bank’s inflation targeting regime has worked well, the central bank is open to alternatives and wants to communicate in a way that avoid unproductive volatility
TD Securities raised the price target on Altius Minerals to $17.00 from $16.50
TD Securities raised the price target on Empire Company to $25 from $20
Pyongyang fired a missile that flew over Japan's northern Hokkaido far out into the Pacific Ocean on Friday, ratcheting up tensions after the country's recent test of its most powerful nuclear bomb.
On the economic slate, the Canadian Real Estate Association was set Friday to release home sales figures for August.
ON BAYSTREET
The TSX Venture Exchange gained 5.08 points to 776.24 Thursday
ON WALLSTREET
U.S. stock index futures pointed to a mixed open on Friday, as investors turn their attention to the latest slew of economic releases set to come out, while digesting the latest news surrounding North Korea.
Futures for the Dow Jones Industrials retreated three points to 22,169. S&P 500 futures slid 2.25 points, or 0.1%, to 2,492, while futures on the NASDAQ Composite index dropped four points, or 0.1%, to 5,966.75
On the data front, retail sales and the empire state manufacturing survey are both set to come out early this morning, followed by industrial production, business inventories and consumer sentiment.
What is more, Friday will mark Quadruple Witching Day, as well as Quadruple Witching Hour, where during the final hour of stock market trading, stock index futures, stock index options, stock options, and single-stock futures expire.
Overseas, markets in Europe were trading under pressure approaching noon local time, while Japan’s Nikkei 225 improved 0.5% and the CSI 300 in Shanghai added just more than one point.
Oil prices gained 17 cents to $50.06 U.S. per barrel.
Gold prices advanced 40 cents at $1,329.70 U.S. an ounce.
