Stock futures pointed to a lower opening for Canada's main stock index on Friday on mounting worries over the pace of global growth.
The S&P/TSX composite index collapsed 205.87 points, or 1.4%, to close Thursday at 14,460.60, with Friday futures down 0.4%.
The Canadian dollar retreated 0.22 cents to 89.19 cents U.S. early Friday.
Finance Minister Joe Oliver said on Thursday the Harper government stands ready to act to cool the housing market if necessary but does not see a housing bubble or the need for any dramatic moves.
With marijuana still illegal on a federal level in the United States, American investors in Canadian medical marijuana can be seen as violating the Controlled Substances Act, according to some U.S experts. And the use of the banking system to transfer the proceeds of such investments could be seen as money laundering.
Wood & Co raised rating on Bankers Petroleum to buy from hold
Canaccord Genuity cut the rating on Manitok Energy to speculative buy from buy
On the economic slate, Statistics Canada said the workforce increased by 74,000 in September, nearly all in full-time work, pushing the unemployment rate down 0.2 percentage points to 6.8%, the lowest since December 2008.
ON BAYSTREET
The TSX Venture Exchange faded 11.85 points Thursday to 836.82.
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ON WALLSTREET
The weekend can't come soon enough for some investors after a bruising few days.
Ahead of the opening bell, futures for the Dow Jones Industrials gave back 87 points, or 0.4%, to 16,631. Futures for the S&P 500 dipped 10 points, or 0.5%, to 1,915, and futures for the NASDAQ fell 40.75 points, or 1%, to 4,018.25.
Tesla has unveiled its model D, a dual motor, all-wheel-drive sedan with mind-bending performance numbers.
European markets were trading weaker as investors remain rattled by a string of poor economic numbers from Germany, and slower global growth. There was more disappointing data Friday, this time from Italy -- the euro-zone's third largest economy -- where industrial production in August was 0.7% weaker than a year ago.
Oil prices moved lower by $1.11 to $84.66 U.S. a barrel
Gold prices lowered $1.40 to $1,223.90 U.S. an ounce.
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