Canada’s main stock index futures edged lower as commodities including gold and copper slipped.
The S&P/TSX composite index moved lower 46.36 points to close Thursday at 13,828.97
The Canadian dollar lopped off 0.26 cents to 77.47 cents U.S. early Friday
BMO cut target price on Valeant Pharmaceuticals International to $273.00 from $285.00 in view of the recent subpoenas focusing on drug pricing and government business.
Ithaca Energy is out with Q3 numbers this morning, expecting a loss of a penny per share
Economically speaking, Statistics Canada reported this morning that foreign investors added $3.1 billion of Canadian securities to their holdings in August, following a $10.1 billion divestment in July. The agency adds that in the same month, Canadian investment in foreign securities resumed with acquisitions totaling $8.7 billion, mainly U.S securities.
Moreover, manufacturing sales edged down 0.2% to $52.1 billion in August, following three consecutive monthly increases.
ON BAYSTREET
The TSX Venture Exchange finished Thursday 0.05 points below breakeven to 556.71
ON WALLSTREET
U.S. stock futures are slightly off Friday.
Ahead of the opening bell, futures for the Dow Jones capsized 33 points, or 0.2%, to 17,036, futures for the S&P 500 slipped 3.25 points, or 0.2%, to 2,015.75, and futures for the NASDAQ dropped two points, or 0.1%, to 4,409.75
Yum Brands stock rose 2.2% in after-hours trading.
Wynn Resorts, the casino and hotels operator, is down 8.5% pre-market, after its Macau division reported a net revenue decline of nearly 40% Thursday.
Nestle has cut its outlook for this year, pushing its shares down 2%. The company was hit by a temporary ban on one of its most popular products, Maggi noodles, in India after reports of lead contamination. Nestle disputed the findings, and won an appeal, but the company said the affair had a "material impact."
Companies including General Electric and Honeywell will report quarterly earnings before the opening bell rings.
At 10 a.m. ET, the University of Michigan will release its October consumer sentiment index.
U.S. manufacturing and industrial production data were to be published at 8:15 a.m. ET, giving an insight into the health of the economy.
Investors will watch the data to get a sense of how likely is it the Federal Reserve could still raise interest rates this year. The Fed didn't raise rates in September and a rate hike in October looks very unlikely. But some Fed officials still want a rate hike in 2015.
Oil prices gained 32 cents to $46.70 U.S. a barrel
Gold prices faded $5.11 to $1,177.99 U.S. an ounce.
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