Stock futures pointed to a lower opening for markets in this country on Friday, as investors took in July's inflation data.
The S&P/TSX Composite eased lower 1.92 points to close Thursday at 14,695.68. Futures slumped 0.3% Friday morning.
The Canadian dollar rose 0.73 cents to 77.58 cents U.S. early Friday.
Desjardins started coverage on Crew Energy with a buy rating, and a $7.25 target price
RBC raised the target price on Dollarama to $120.00 from $111.00, with an outperform rating
RBC raised the target price Timmins Gold to $1.00 from $0.70
On the economic scene, Statistics Canada reported that the consumer price index rose 1.3% in the 12 months to July, after increasing 1.5% in June. The agency adds, excluding gasoline, the CPI was up 1.9% year over year in July, matching the gain in June.
The agency also said retail sales edged down 0.1% to $44.1 billion in June. Sales declined in seven of 11 sub-sectors.
ON BAYSTREET
The TSX Venture Exchange gained 9.14 points Thursday to 837.62
ON WALLSTREET
U.S. stock index futures indicated a lower open on Friday as traders eyed the latest rig count data for more signs that U.S. production could pick up with rising crude prices.
Ahead of the opening bell, futures for the Dow Jones Industrials dipped 49 points or 0.3%, to 18,516, while futures for the S&P 500 slipped 6.25 points, or 0.3%, at 2,177.25. NASDAQ futures stepped back 13.5 points, or 0.3%, to 4,795
On the earnings front, Deere and Estee Lauder posted quarterly results.
The rapid rise in oil prices defies many analysts' expectations, but it has been driven in part by comments from members of the Organization of the Petroleum Exporting Countries and other producers about a meeting in late September that could involve discussion on freezing production or other actions.
European markets registered higher mid-morning Friday, while shares in Asia boasted marginal gains.
Oil prices faded 22 cents to $48.00 U.S. a barrel
Gold prices were lower $15.10 at $1,342.10 U.S. an ounce.
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