Futures for Canada's main stock index fell on Friday ahead of releasing economic growth data, while oil prices dropped on swelling inventories.
The S&P/TSX Composite Index stayed positive 22.79 points to finish Thursday at 15,194.04
The Canadian dollar sank 0.11 cents at 75.21 U.S. early Friday
December futures dropped 0.6% Friday.
Canaccord Genuity started coverage on Corvus Gold with speculative buy rating
National Bank of Canada cut the price target on Dollarama to $44.00 from $48.00
Eight Capital raised the price target on Toronto-Dominion Bank to $94.00 from $93.00
In the economic docket, Statistics Canada reported Friday morning that gross domestic product grew 0.5% in the third quarter, following a 0.7% increase in the second quarter.
Real GDP edged down 0.1% in September, following seven consecutive months of growth.
The agency’s industrial product price index rose 0.2% in October, mostly driven by higher prices for meat, fish, and dairy products.
The raw materials price index fell 2.4%, mainly as a result of lower prices for crude energy products.
ON BAYSTREET
The TSX Venture Exchange slumped but 0.57 points to finish Thursday at 591.12
ON WALLSTREET
U.S. stock futures dropped on Friday, on the final trading day of November, as investors turned their focus to an upcoming gathering of world leaders in Argentina.
Futures for the Dow Jones Industrials subtracted 149 points, or 0.6%, to 25,242.
S&P futures docked 13.75 points, or 0.5%, to 2,730.50, while the NASDAQ Composite fell 34.75 points, or 0.5%, to 6,878.50.
It’s a light day for earnings, but Citi Trends Inc. is set to report Friday.
Trade news has again become the dominant focus for investors as President Donald Trump and Chinese leader Xi Jinping get set to meet at the summit. China hawk Peter Navarro, Trump's trade advisor, will reportedly attend the dinner between the two, news that piled pressure on stocks on the day.
Navarro is seen as a contentious figure in terms of Washington's trade relations with Beijing due to his aggressive stance on the world's second-largest economy. He clashed with White House economic advisor Larry Kudlow earlier this month after saying any deal with China would be "on President Donald J. Trump's terms, not Wall Street's terms."
Market players also digested minutes from the Federal Reserve's November meeting, which showed the U.S. central bank was ready to hike interest rates again in December, but is worried about the impact trade uncertainty and corporate debt could have on economic growth.
No major earnings results are expected to be posted on Friday. In economic data, Chicago Purchasing Managers' Index and U.S. PMI manufacturing index figures are due to be released at 9:45 a.m. ET.
Overseas, in Japan, the Nikkei 225 gained 0.4% Friday, while in Hong Kong, the Hang Seng index moved doggedly up 0.2%
Oil prices slid 90 cents to $50.55 U.S. a barrel.
Gold prices dulled $3.70 to $1,226.70 U.S. an ounce.
