Futures pointed to a lower opening for Canada's main stock index on Friday, as investors feasted on gross domestic product data that shed light on the health of the economy.
The S&P/TSX Composite Index gained 22.96 points to close Thursday at 16,182.63
The Canadian dollar picked up 0.17 cents to 78.67 cents U.S. Friday morning.
March futures were down 0.04% Friday.
Teck Resources and the union representing 105 workers at its Quebrada Blanca copper mine in Chile said on Thursday they reached a new wage agreement, ending an eight-day strike.
TD Securities cut the rating on Cominar REIT to hold from buy
TD Securities cut the rating on Dream Office REIT to hold from buy
On the economic front, Statistics Canada said GDP was essentially unchanged in October following 0.2% growth in September, as nine of 20 industrial sectors expanded
ON BAYSTREET
The TSX Venture Exchange faded 1.55 points Thursday to 804.14
ON WALLSTREET
U.S. stock index futures were pointing to a slightly higher open on Friday, as investors digest the latest in U.S. political news.
Futures for the Dow Jones Industrials subtracted five points to 24,773
S&P 500 futures gained 0.75 points to 2,688.50, while futures on the NASDAQ Composite index picked up 0.5 points to 6,492.75
In individual stock news, pizza chain Papa John's has announced that its founder John Schnatter is set to step down as chief executive in January, some two months after he publicly criticized the NFL leadership over national anthem protests by football players. Investors will be paying close attention to the stock's moves in trade, along with other fast food chains
No earnings data is due for Friday
On Wednesday, House Republicans voted to pass a bill which looks to cut the corporate tax rate from 35% to 21%.
Meantime, the House of Representatives voted on Thursday to advance a short-term spending bill, in order to fund the U.S. government through until the middle of January.
Aside from politics, trade is expected to be slightly lighter than usual as investors get ready for the holiday season. Equities are set for a full day, however, other markets such as foreign exchange and live stock options are set to close early.
Ahead of this, a whole slew of economic data are set to be published on Friday.
First off, personal income and outlays, and the Philadelphia Fed non-manufacturing business outlook survey were due out at 8:30 a.m. ET.
This data will be then be followed by new homes sales and consumer sentiment, both due out at 10 a.m. ET. The Kansas City Fed survey will then be released at 11 a.m. ET.
Overseas, Japan’s Nikkei 225 gained 0.2%. In Hong Kong, the Hang Seng Index spiked 0.7%
Oil prices dropped 37 cents to $57.99 U.S. per barrel.
Gold prices acquired a dollar to $1,271.60 U.S. an ounce.
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