Markets were still collecting themselves early Friday, after uncertainty weighed on equities on both sides of the border.
The S&P/TSX composite index let go of 5.88 points, to open Friday at 14,887.69, after a 225-point-plus plunge Thursday.
The Canadian dollar gave back 0.16 cents to 89.84 cents U.S.
BlackBerry reported a smaller quarterly loss in an early sign that its drawn-out turnaround efforts might be working. BlackBerry shares took on 51 cents, or 4.7%, to $11.39.
Canaccord Genuity raised price target on Bombardier to $5.50 from $5, with a buy rating. Bombardier shares gained 14 cents, or 4%, to $3.64.
RBC cut the rating on GLV Inc. to sector perform from outperform. GLV dipped nine cents to $2.95.
CIBC raised the price target on Stantec Inc. to $77.00 from $75.00, with an outperform rating. Stantec shares docked a penny to $71.59.
ON BAYSTREET
The TSX Venture Exchange eked up 0.36 points to 911.36.
The 14 Toronto subgroups were evenly split between gainers and losers, as information technology galloped 0.8%, while energy and industrial stocks each climbed 0.6%.
The seven laggards were hampered mostly by gold, down 1%, materials, sliding 0.8%, and the metals and mining group, down 0.5%.
ON WALLSTREET
The U.S. stock market moved higher on Friday, as a rout during the previous session inspired buyers looking for bargains, but the main benchmarks are still set to finish the week lower, after a rough week for stocks.
The Dow Jones Industrials recuperated somewhat from yesterday’s 260-point fall, gaining back 71.79 points to open at 17,017.59
The S&P 500 moved higher 6.20 points to 1,972.19. The NASDAQ gained 20.28 points to 4,487.01.
Apple Inc. shares recovered some of the sharp losses on Thursday as the company tried to calm concerns about its new iPhone 6 Plus bending claims. Shares rose 1.4%.
Markets also are weighing stunning news that Bill Gross, founder is leaving the firm he founded, to join Janus Capital.
Nike shares jumped 10% after the athletic apparel and gear maker late Thursday posted better-than-expected quarterly earnings.
Finish Line reported that its profit fell 1.3%, hampered by rising expenses. Shares sank 10%.
Chiquita Brands International and Fyffes PLC agreed to revised terms of a merger plan under which Chiquita would have a greater share of the combined company.
Chip maker Micron gained 6.8% after fourth-quarter results topped Wall Street’s estimates late Thursday.
The U.S. economy grew at a 4.6% annual pace in the second quarter. The increase in real gross domestic product was revised up from 4.2%, mainly because of higher exports and business investment, the Commerce Department said Friday. The biggest gains came in business investment, a good sign for the economy in the months ahead.
Also, economically speaking, the final print of the University of Michigan consumer confidence was due this morning, and may have dipped from a preliminary reading of 84.6. Economists forecast an 84.3 reading.
Prices for 10-year U.S. Treasuries ducked back, raising yields to 2.54% from Thursday’s 2.51%. Treasury prices and yields move in opposite directions.
Oil prices recovered six cents to $92.59 U.S. a barrel.
Gold prices sank $5.50 to $1,216.40 U.S. an ounce.
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