Futures for Canada's main stock index fell on Friday, as hawkish comments from U.S. Federal Reserve officials dampened hopes of a December rate cut.
The TSX dwindled 573.94 points, or 1.9%, to close Thursday at 30,253.64
December futures declined 0.4% Friday.
The Canadian dollar nicked ahead 0.08 cents to 71.32 cents U.S.
In corporate news, the Globe and Mail reported that Swedish defense company Saab is in talks with the federal government and Bombardier to build its Gripen fighter jet under license in Canada. The project is expected to create 10,000 jobs in the country.
ECN Capital said a Warburg Pincus-led investor group will buy the financial services firm in a C$1.9-billion deal, signaling growing private-equity interest in the sector following policy easing.
Engineering services provider Stantec slightly missed estimates for third-quarter revenue.
On matters macroeconomic, Statistics Canada says wholesale sales rose 0.6% in September.
Moreover, September was also the month in which the agency said manufacturing sales rose 3.3% in September, driven by higher sales of transportation equipment and petroleum and coal products. On a quarterly basis, total sales rose 2.8% in the third quarter of 2025.
ON BAYSTREET
The TSX Venture Exchange dived 29.38 points, or 3.2%, Thursday to 889.54.
ON WALLSTREET
Stock futures fell on Friday after Wall Street witnessed its worst day in more than a month.
Futures for the 30-stock index plunged 237 points, or 0.5%, to 47,312.
Futures for the S&P 500 index weakened 56 points, or 0.8%, to 6,704.
Futures for the NASDAQ erased 326 points, or 1.3%, to 25,768.75
Key technology stocks continued to face pressure Friday. Nvidia and Advanced Micro Devices each fell around 3% in the premarket, extending their losses from the previous session. Palantir Technologies also declined almost 4%, while Tesla slipped around 4%.
Both are tracking for significant losses this week, with Palantir and Tesla having fallen more than 3% and more than 6%, respectively, in the weekly period so far.
Bitcoin saw meaningful losses Friday as well, pulling back more than 2%. The move further signals the risk-off mood on Wall Street, especially by tech investors.
Major U.S. indexes on Thursday posted their worst one-day performance since Oct. 10. The Dow lost about 800 points, taking back gains seen in Wednesday’s session when it crossed the 48,000 level.
The NASDAQ dropped more than 2%, as technology giants came away battered. Those losses have now put the tech-heavy index on pace to snap its seven-week win streak.
In Japan, the Nikkei 225 tumbled 1.8% Friday, while in Hong Kong, the Hang Seng tanked 1.9%
Oil prices gained 86 cents to $59.55 U.S. a barrel.
Gold prices waned $73.90 to $4,120.24 U.S. per ounce.
