Futures tracking Canada's main stock index edged higher on Friday as weaker-than-expected payrolls data from the United States and Canada fueled expectations that interest rates are near their peak.
The TSX demurred 97.47 points to conclude Thursday at 20,120.74.
September Futures were up 0.1%.
The Canadian dollar fell 0.14 cents to 74.76 cents U.S.
In company news, Enbridge reported a rise in second-quarter profit.
Auto parts maker Magna International raised its full-year profit and sales outlook after its second-quarter results beat estimates.
On the economic slate, Statistics Canada reports the economy lost 6,000 jobs in July, boosting the unemployment rate 0.1 percentage points to 5.5%.
Later this morning (about 10 a.m. EDT), the IVEY PMI for July will be released.
On the economic slate, Statistics Canada reports the economy lost 6,000 jobs in July, boosting the unemployment rate 0.1 percentage points to 5.5%.
Later this morning (about 10 a.m. EDT), the IVEY PMI for July will be released.
ON BAYSTREET
The TSX Venture Exchange reared back 0.28 points Thursday to 611.64.
ON WALLSTREET
Stock futures were little changed Friday morning as Wall Street parsed the latest earnings from big-name technology companies and a cooler-than-expected July jobs report.
Futures for the Dow Jones Industrials added 39 points, or 0.1% to 35,334.
Futures for the S&P 500 gained 9.75 points, or 0.2%, to 4,531.50.
Futures for the NASDAQ progressed 44 points, or 0.3%, to 15,482.75.
As of Thursday’s close, all three major indexes are on pace to end the week lower. The NASDAQ was set to finish 2.5% lower, and the S&P 500 — down 1.8%. Both are poised to post their worst weekly performances since March. The Dow has slid 0.7% on a week-to-date basis.
A deluge of earnings reports released after the bell Thursday sent individual stocks moving. Amazon jumped 8.7% after trouncing expectations on profit and offering positive guidance, while Apple lost around 2.3% after revenue came in lower than it did in the year-ago quarter.
Beyond mega-cap tech, Airbnb slid after the company said nights and experiences booked grew at a slower rate than Wall Street anticipated.
DraftKings rose around 12% on the back of a report that exceeded analyst expectations.
So far this season about 79% of S&P 500 companies have given results, with about 80% surpassing Wall Street expectations
Traders are also focused on jobs data due Friday morning for further insights into the strength of the labour market and economy. Investors are hoping that slowed growth in hourly earnings can signal to the Federal Reserve that previous interest rate hikes have had their intended effects on the economy, according to Rob Haworth, senior investment strategist, wealth management, at U.S. Bank.
Economists polled by Dow Jones expect non-farm payrolls to grow by 200,000 in July. Meanwhile, the consensus estimate shows the unemployment rate should hold steady at 3.6%. Economists are expecting average hourly wages to rise by 0.3% from June and 4.2% on an annualized basis.
In Japan, the Nikkei 225 edged up 0.1% Friday, while in Hong Kong, the Hang Seng posted a solid gain of 0.4%.
Oil prices gathered 44 cents to $81.99 U.S. a barrel.
Gold prices fell $1.90 to $1,970.70 U.S. an ounce.
