Futures on Toronto stock markets pointed to a lower open on Friday as investors turned wary about the U.S. Federal Reserve's message at next week's monetary policy meeting.
The S&P/TSX Composite Index dipped 3.16 points to end Thursday at 12,659.17
The Canadian dollar dipped 0.03 cents to 97.25 cents U.S. early Friday
Pipeline company Enbridge Inc will build a $1.3-billion U.S. extension to its Woodland crude line in northern Alberta to serve Imperial Oil's Kearl oil sands project.
Raymond James raised the price target on Canfor Corp. to $27 from $24.50 on the company's better-than-expected second-quarter results
RBC raised the target price on Husky Energy to $36 from $34, citing the company's better-than-expected second-quarter results driven by robust contributions from its downstream and upgrading segments and lower cash taxes.
National Bank Financial raised the rating on Potash Corp. to sector perform from underperform, the price target to $39 from $37 on more balanced agricultural cycle risks
RBC raised the price target on Precision Drilling Corp. to $12 from $11, sees the company's five contracted new build rigs as a positive indicator for the health of the Tier 1 rig market
Canaccord Genuity raised the price target on Teck Resources to $28 from $26 after the company's second-quarter earnings were better than expected
ON BAYSTREET
The TSX Venture Exchange slid 2.59 points Thursday to 923.81
ON WALLSTREET
Investors once again appeared wary of placing any big bets Friday.
Ahead of the opening bell, futures for the Dow Industrials dipped 43 points, or 0.3%, to 15,441. Futures for the S&P 500 fell back 6.20 points, or 0.4%, to 1,677.80, and futures for the NASDAQ slipped 6.50, or 0.2%, to 3,043.50.
Tech shares have been the biggest drivers this week, boosted by strong earnings fromApple and Facebook, but weak results from Amazon and Zynga could put pressure on the sector Friday.
Amazon shares were lower after the online retailer posted a surprise loss. And Zynga's stock was getting slammed in pre-market trading after the online gaming company issued a weak outlook for the third quarter and said it's not going to pursue online gambling in the United States.
With little on the docket, it could be a choppy day.
At 9:55 a.m. ET, the University of Michigan and Thomson Reuters will release data on consumer sentiment.
Telsa Motors shares jumped after Deutsche Bank upgraded the electric car maker.
Shares of Activision Blizzard surged more than 21% after the maker of games like World of Warcraft and Call of Duty said it was striking out on its own, through an $8.2-billion U.S. deal.
Starbucks shares rose after the coffee giant delivered better-than-expected quarterly earnings and sales.
Halliburton stock rose nearly 4% after the Justice Department said the oilfield services firm would plead guilty to destroying computer test results that had been sought as evidence in the Deepwater Horizon disaster.
European markets were also mixed in morning trading, though shares of Pearson and LVMH rose after the companies posting better-than-expected earnings.
In Asia, Japan's benchmark Nikkei 225 index fell by 3% as the yen strengthened. Japan's inflation turned positive for the first time in a year, a sign that Abenomics is taking hold.
The performance on Chinese indexes was more muted. Hong Kong's Hang Seng index rose by 0.2% and the Shanghai Composite index declined by 0.5%
Oil prices fell 98 cents to $104.51 U.S. a barrel
Gold prices slumped $1.80 to $1,327 U.S. an ounce.
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