Stock futures pointed to a lower opening for Canada's main stock index as a relentless slide in crude prices put energy stocks under pressure.
The S&P/TSX composite index gained 52.17 points to end Thursday at 13,905.12, with futures dipping 0.3% Friday.
The Canadian dollar stumbled 0.39 cents to 86.40 cents U.S. early Friday.
Bank of Canada Governor Stephen Poloz says he does not foresee the sort of sharp rise in joblessness or mortgage rates that would trigger a major housing market correction.
BRP Inc, the maker of Ski-Doo snowmobiles and Sea-Doo watercraft, cut its full-year earnings and revenue forecast, saying it expected a weak ruble to hit sales in Russia.
NBF cut the rating on Industrial Alliance to sector perform from outperform and the target price to $48 from $50
KBW cut the target price on Canaccord Genuity to $9 from $11
ON BAYSTREET
The TSX Venture Exchange dipped 4.41 points Thursday to 663.50
ON WALLSTREET
U.S. stock futures are all heading lower, and the mood is downbeat.
Ahead of the opening bell, futures for the Dow Jones Industrials headed south 82 points, or 0.5%, to 17,427. Futures for the S&P 500 faded 7.25 points, or 0.4%, to 2,016.75, and futures for the NASDAQ dipped 15 points, or 0.4%, to 4,217.75
Despite a decent rally on Thursday, market performance over the rest of the week has been lackluster. All the main U.S. indexes look set to close the week with losses.
Oil prices are continuing their downward trajectory, as the Paris-based International Energy Agency cut its forecast for demand growth in 2015.
Oil prices have fallen by more than 40% since June due to a supply glut.
Late on Thursday, U.S. Congress narrowly averted a government shutdown by approving a $1.1-trillion spending bill that keeps the government open through September.
The main European markets were down by about 1.5%in midday trading. New data released Friday showed industrial production in the euro-zone barely grew in October.
Oil prices dropped 78 cents to $59.17 U.S. a barrel
Gold prices fell three dollars to $1,222.60 U.S. an ounce.
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