Futures for Canada's main stock index edged higher on Friday, helped by strength in bullion, with the benchmark index set to record its fourth straight week of gains on the back of a strong batch of earnings.
The TSX/S&P Composite remained negative 33.41 points to close Thursday at 20,520.60
The Canadian dollar hesitated 0.04 cents to 79.83 cents U.S.
September futures squeezed up 0.1% Friday.
Kansas City Southern said on Thursday it has turned down a $27-billion bid from Canadian Pacific Railway and will delay a shareholder vote on a $29-billion deal to sell itself to Canadian National Railway if the rail regulator does not rule on the deal in the next five days.
National Bank of Canada raises the rating on AutoCanada to
outperform from sector perform.
Scotiabank raises the rating on Cineplex to outperform from sector perform.
RBC cut the rating on Fiera Capital to sector perform from outperform
ON BAYSTREET
The TSX Venture Exchange skidded 5.32 points Thursday to 918.76
ON WALLSTREET
Stock futures inched higher on Friday as the S&P 500 and Dow Jones Industrial Average looked to end a winning week on a high note.
Futures for the Dow Jones Industrials gained 41 points, or 0.1%, to 35,443.
Futures for the S&P 500 eked 1.25 points to 4,455.75.
Futures for the NASDAQ Composite Index let go of 6.75 points to 15,071.75
The blue-chip Dow and the S&P 500 are on track to close out a winning week after gaining 0.8% and 0.6%, respectively, through Thursday. Both are at record highs. The tech-heavy NASDAQ Composite underperformed this week, down 0.1%.
Shares of Disney jumped more than 5% in pre-market trading after the media and theme park giant reported blowout fiscal third-quarter earnings, crushing Wall Street expectations on Disney+ subscriber growth and overall revenue and earnings.
Stocks are rising to records on the back of a stellar earnings season.
Year-over-year earnings growth is expected to be 92.9%, according to Refinitiv. So far about 90% of the S&P 500 companies have handed in their quarterly report, and about 88% of them beat earnings estimates from Wall Street analysts.
Airbnb shares fell 4% after the travel company issued a warning about volatility due to the COVID delta variant.
Overseas, in Japan, the Nikkei 225 index faded 0.1%, while in Hong Kong, the Hang Seng index fell 0.5%.
Oil prices fell 15 cents to $68.94 U.S. a barrel.
Gold prices soared $8.20 to $1,760 U.S. a pound.
