Futures for Canada's main stock index edged lower on Friday amid a fall in oil prices and ahead of Sino-U.S. trade talks next week.
The S&P/TSX Composite Index slipped 3.44 points to finish Thursday at 15,073.17
The Canadian dollar slipped 0.18 cents at 75.63 U.S. early Friday
December futures were off 0.2% Friday.
Raymond James cut the target price on Biosyent to $11.00 from $12.50
CIBC cut the rating on Cardinal Energy to neutral from outperform
Canaccord Genuity cut the target price on Entrec to $0.20 from $0.25
Canaccord Genuity raised the target price on Tervita to $13.50 from $12.50
The leaders of the world's two largest economies are expected to hold talks during the G20 summit in Buenos Aires next week as their trade ties become increasingly fraught.
On the economic slate, Statistics Canada reported that the consumer price index rose 2.4% year over year in October, following a 2.2% increase in September. On a seasonally-adjusted monthly basis, the CPI was up 0.3% in October, after declining 0.1% in September.
Retail sales edged up 0.2% to $50.9 billion in September after a fairly flat August. The jump was powered by food and beverage stores, while sales were down at gasoline stations.
ON BAYSTREET
The TSX Venture Exchange dipped 1.61 points Thursday to 602.44
ON WALLSTREET
U.S. stock index futures resumed their fall the Friday morning after Thanksgiving, as some of the most popular technology shares were under pressure once again.
Futures for the Dow Jones Industrials lost 91 points, or 0.4%, to 24,374
S&P futures dropped 10.5 points, or 0.4%, to 2,638.50, while the NASDAQ Composite fell 28.5 points, or 0.4%, to 6,547.75.
Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all traded down about 1% in the pre-market. These stocks, which make up the popular "FAANG" trade, have already fallen sharply this week. In that time period, they have all fallen at least 2.3% through Wednesday's close.
On the data front, investors are likely to closely monitor a flash reading of Markit Services Purchasing Managers Index data for November at around 9:45 a.m. ET.
Trading on Wall Street is set to resume after market participants observed the Thanksgiving holiday on Thursday. However, Friday's session is scheduled to be abbreviated with the New York Stock Exchange and NASDAQ both due to close early at 1 p.m. ET.
Overseas, markets in Japan were shuttered for a public holiday, while in Hong Kong, the Hang Seng index retreated 0.4%
Oil prices settled $2.41 to $52.22 U.S. a barrel.
Gold prices slid $5.20 to $1,224.80 U.S. an ounce.
