Futures tied to Canada's main stock index were flat on Friday as investors stayed on the sidelines ahead of the latest U.S. inflation data, though the benchmark index eyed its second straight weekly gain.
The TSX Composite pointed higher 164.92 points, to conclude Thursday at 20,765.73.
March futures were unchanged early Friday.
The Canadian dollar edged up 0.05 cents to 75.32 cents U.S.
Among individual stocks, the federal government approved Royal Bank of Canada's $13.5-billion acquisition of HSBC's domestic unit.
ATB Capital Markets reinstated coverage on Crescent Point Energy with an "outperform" rating.
On the economic calendar, Statistics Canada said real gross domestic product was essentially unchanged in October as services-producing industries edged up 0.1%, while goods-producing industries were essentially unchanged.
ON BAYSTREET
The TSX Venture Exchange vaulted 12.23 points, or 2.3%, Thursday to 551.05.
ON WALLSTREET
Dow futures shifted lower on Friday morning as Wall Street looks to extend its year-end rally.
Futures for the Dow Jones Industrials tumbled 121 points, or 0.3%, to 37,635.
Futures for the S&P 500 dipped two points, or 0.1%, at 4,794.75.
Futures for the NASDAQ lost 11.5 points, or 0.1%, to 16,945.
The three major averages are on pace for their eighth positive week in a row — a first for the S&P 500 since 2017 and for the Dow dating back to 2019. The S&P 500 is up 0.58% for the week, while the Dow has a gain of 0.27%. The NASDAQ is up 1% in the period.
Nike could be a key stock to watch on Friday, as the Dow component was down 11% in extended trading after warning of soft revenue in its fiscal second-quarter earnings report. On the data front, consumer spending and a key inflation reading are due out before the bell on Friday morning.
The U.S. stock market will be closed on Monday for Christmas.
In Japan, the Nikkei 225 poked 0.1% Friday, while in Hong Kong, the Hang Seng Index faltered 1.7%.
Oil prices rumbled 54 cents to $74.43 U.S. a barrel.
Gold prices shone brighter $23.40 to $2,074.70 U.S. an ounce.
