Futures for stocks on Canada’s biggest exchange edged higher on Friday, helped by strong commodity prices on the back of a weaker U.S. dollar.
The S&P/TSX Composite Index gained 48.69 points to close Thursday at 15,959.50
The Canadian dollar progressed 0.19 cents to 78.51 cents U.S. early Friday
June futures took on 0.2% Friday
Thomson Reuters has reported slightly higher-than-expected first-quarter sales and earnings, and forecast low single-digit growth in 2018 revenue in its remaining business.
The Bank of Canada, Toronto Stock Exchange operator TMX Group, and non-profit organization Payments Canada said on Friday that tests had shown blockchain technology can be used for automating instantaneous securities settlements.
Canaccord Genuity raised the price target on Finning International to $38.00 from $37.00
Canaccord then cut the price target on Telus Corp. to $48.00 from $49.00
Canaccord also raised the price target on WSP Global to $67.00 from $62.00
On the economic beat, Statistics Canada reported employment was essentially unchanged in April and the unemployment rate held steady at 5.8%
ON BAYSTREET
The TSX Venture Exchange gained 0.64 points Thursday to 774.69
ON WALLSTREET
U.S. stock index futures rose slightly ahead of Friday's open.
Futures for the Dow Jones Industrial Average gained 32 points, or 0.1%, to 24,724
S&P 500 futures added 3.75 points, or 0.1%, to 2,722.50, while futures for the NASDAQ composite index moved up 4.25 points, or 0.1%, to 6,969.25
No major earnings are scheduled to be published Friday.
Coming up on the final trading day of the week, at 8:30 a.m. ET U.S. import and export price indexes are set to be published, followed by consumer sentiment figures at 10 a.m. ET.
President Donald Trump tweeted Thursday that he would be meeting North Korea's Kim Jong Un in Singapore next month, where they would both try to make it "a very special moment for world peace."
In Japan, the Nikkei 225 climbed 1.1%, while in Hong Kong, the Hang Seng index perked 1%, while in Europe, stocks fluctuated, however, and were under slight pressure during the morning session.
Oil prices dropped three cents to $71.33 U.S. per barrel.
Gold prices inched up $2.40 to $1,318 U.S. an ounce.
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