Futures for Canada's main stock index tracked gains in crude oil and gold on Friday, while investors awaited the August employment report for cues on the state of the domestic economy.
The TSX gained 171.56 points to close Thursday trading at 19,413.
Futures shot up 1% Friday.
The Canadian dollar climbed 0.38 cents to $76.83 cents U.S.
On the earnings front, Dollarama is expected to
show a rise in second-quarter sales as consumers looking to cut down spending amid inflation flock to discount stores for groceries and household essentials.
Baltic Power, a joint venture between Poland's PKN Orlen and Canada's Northland Power, has signed a series of deals to help build a planned wind farm in the Baltic Sea.
A senior Bank of Canada official left the door open to another oversized interest rate increase, saying the central bank continues to see front-loading as the best way to battle the fastest rising prices in nearly four decades.
It’s jobs day in Canada, with Statistics Canada informing investors that the economy lost 40,000 ( 0.2%) in August, and the unemployment rate rose by 0.5 percentage points to 5.4%.
ON BAYSTREET
The TSX Venture Exchange added 5.5 points, Thursday to 637.14.
ON WALLSTREET
U.S. stock futures rose Friday following a choppy trading session as traders considered Federal Reserve Chair Jerome Powell’s latest comments on inflation.
Futures for the Dow Jones Industrials climbed 211 points, or 0.7%, early Friday to 32,072.
Futures for the S&P 500 gained 30.5 points, or 0.8%, to 4,052.75
Futures for the NASDAQ Composite Index rocketed 121 points, or 1%, to 12,518.25.
Those gains put all three major averages on pace to snap a three-week losing streak. Through Thursday, the Dow is up 1.5%. Meanwhile, the S&P 500 is up 2.1%, and the NASDAQ is 2% higher.
Shares of DocuSign surged more than 17% in extended trading after the electronic agreements company reported an earnings beat. The company also issued a third-quarter revenue forecast that was above expectations.
Stocks have been volatile recently as expectations of a 0.75-percentage-point rate hike this month grew on Wall Street, after the Fed chair said again that he is “strongly committed” to bringing down inflation.
In Japan, the Nikkei 225 index gained 0.5% Friday, while in Hong Kong, the Hang Seng surged 2.7%.
Oil prices jumped $1.54 to $85.05 U.S. a barrel.
Gold prices acquired $11.00 to $1,731.20 U.S. an ounce.
