Futures for Canada's main stock index rose on Friday, mirroring Wall Street gains, with the benchmark index set for its second straight weekly rise on the back of a stronger bullion and upbeat corporate earnings.
The S&P/TSX Composite jumped 120.05 points to greet Thursday’s closing bell at 21,581.98
Futures edged higher 0.2% Friday.
The Canadian dollar dropped 0.07 cents to 79.42 cents U.S.
SNC-Lavalin Group's chief executive officer has postponed an almost entirely English-language speech scheduled for next week in Montreal as French-language skills of Quebec's non-francophone business executives come under scrutiny.
ATB Capital Markets raised the price target on Ag Growth International to $54.00 from $52.00
National Bank of Canada cuts price target on Canadian Tire to $221.00 from $225.00
Scotiabank raised the target price on Power Corporation of Canada to $49.00 from $48.00
ON BAYSTREET
The TSX Venture Exchange rebounded 25.84 points, or 2.6%, Thursday to 1,008.36.
ON WALLSTREET
Stock futures moved slightly higher early Friday morning as Wall Street looked to end the week on a positive note after a historic inflation report.
Futures for the Dow Jones Industrials acquired 96 points, or 0.3%, to 35,923.
Futures for the S&P 500 gained 8.75 points to 4,651.75
Futures for the NASDAQ Composite jumped 35.25 points, or 0.2%, to 16,057.
Dow component Johnson & Johnson saw its shares pop more than 2% in premarket trading following a Wall Street Journal report that the company is splitting in two. Johnson & Johnson is reportedly breaking off its consumer health division into a separate publicly-traded company.
The move in futures comes after the stock market appears to have withstood the hottest inflation report in 30 years on Wednesday. The major indexes are on track to snap five-week winning streaks but are still within striking distance of their recent records.
After a busy week of earnings and economic data releases, Friday is relatively light for investors. The preliminary read for November consumer sentiment and the September report on job openings and labor turnover will be released Friday morning.
Overseas, the Nikkei 225 descended 1.3% Friday, while the Hang Seng in Hong Kong gained 0.3%.
Oil prices dropped $1.06 to $80.53.
Gold prices fell $5.80 to $1,858.10 U.S. an ounce
