Stock futures pointed to a lower opening for Canada's main stock index as a stronger U.S. dollar weighed on gold and oil prices.
The S&P/TSX composite index slumped 58.16 points to close Thursday at 14,830.88
The Canadian dollar sank 0.07 cents to 81.26 cents U.S. early Friday.
BlackBerry is considering equipping an upcoming smartphone with Google Inc.'s Android software for the first time, an acknowledgement that its revamped line of devices has failed to win mass appeal, according to four sources familiar with the matter.
The move would be an aboutface for the Waterloo, Ontario-based company, which had shunned Android in a bet that its BlackBerry 10 line of phones would be able to claw back market share lost to Apple's iPhone and a slew of devices powered by Android.
Canadian Natural Resources Ltd said output at its Primrose and Kirby South oil sands projects has returned to normal levels after wildfires in northeastern Alberta late last month cut production.
The company said in a statement that output at its Primrose site, which was evacuated in late May, has returned to 80,000 barrels per day while Kirby South, which had about half of its output suspended when a pipeline was closed, is again producing 25,000 bpd.
CIBC raised the price target on BRP Inc to $32.00 from $30.00 considering that the company reported strong Q1 results that were better than expected across most metrics.
CIBC raised the rating on Transcontinental Inc. to outperform saying that the miss in terms of profitability was entirely the result of a weaker set of numbers out of the media assets, and higher head office expenses.
CIBC cut the target price on Trinidad Drilling Ltd. to $6.00 from $6.75 after the company announced the proposed acquisition of CanElson Drilling for a total consideration of approximately $505 million.
ON BAYSTREET
The TSX Venture Exchange was negative 0.17 points to 682.13
ON WALLSTREET
Stock markets in Europe are falling in early trading, the main Greek index is down by about 4%, and U.S. stock futures are moving lower as investors worry about Greece's future in the euro-zone.
Ahead of the opening bell, futures for the Dow Jones Industrials dipped 69 points, or 0.4%, to 17,893, futures for the S&P 500 fell nine points, or 0.4%, to 2,092.50, and futures for the NASDAQ dipped 24.25 points, or 0.5%, to 4,459.75.
Shares in Twitter are set to surge at the open after the company said CEO Dick Costolo is stepping down. The stock was up by as much as 10% in extended trading. The company's board of directors named Twitter chairman and co-founder Jack Dorsey interim chief while they search for a new leader.
Tobacco company Reynolds American is taking over Lorillard on Friday, as previously planned. A federal district court just approved the final deal.
The newly combined company, which will sell brands including Newport, Camel and Pall Mall, is projected to have more than $11 billion U.S. in annual revenues.
The U.S. Bureau of Labor Statistics will update the Producer Price Index, which predicts changes in retail prices and inflation.
Later, the University of Michigan is updating its Consumer Sentiment Index, which has been declining for most of 2015 as gas prices have climbed.
Greece needs more money to continue paying its bills, but it's been unable to cut a deal with creditors to give it more cash. The International Monetary Fund pulled its officials from talks in Brussels Thursday, citing a lack of progress.
Most Asian markets ended the week with gains.
Oil prices shed 74 cents to $60.03 U.S. a barrel
Gold prices lost 20 cents at $1,187.00 U.S. an ounce.
Related Stories
