Stock futures pointed to a lower opening for equity markets in Toronto on Friday as oil prices fell on disappointing economic data from China and supply concerns.
The S&P/TSX composite index moved forward 21.77 points in light trading to close Thursday 13,425.19
The Canadian dollar dropped 0.23 cents to 75 cents U.S. early Friday
Ontario and Quebec gave better than expected budget updates on Thursday, as Ontario got help from the initial public offering of utility Hydro One Ltd and Quebec clamped down on spending.
Federal International Development Minister Marie-Claude Bibeau said on Thursday Canada will give an extra $100 million to the United Nations' refugee agency to help it deal with the Syrian crisis.
Desjardins cut the target price on Jean Coutu Group to $21.00 from $23.00
Goldcorp Inc. Thursday reported a fatal accident at its mine in Northern Ontario.
On the economic beat, Statistics Canada reported that its industrial product price index declined 0.5% in October – mostly due to lower vehicle prices, while its raw materials price index rode crude energy prices higher by 0.4% in the same month.
ON BAYSTREET
The TSX Venture Exchange gained 2.54 points Thursday to 521.73.
ON WALLSTREET
US stock futures traded mixed in early pre-market trade.
Ahead of the opening bell, futures for the Dow Jones eased eight points to 17,794, futures for the S&P 500 picked up 3.25 points, or 0.2%, to 2,091.25, and futures for the NASDAQ hiked 16 points, or 0.3%, to 4,693.25.
Markets were shuttered Thursday for Thanksgiving. Today’s is a shortened session for stocks, with the closing bell sounding at 1 p.m. ET.
Elbit Systems Ltd has been awarded an approximately $200-million U.S. contract from the Swiss Federal Department of Defense, Civil Protection and Sport, for the supply of Hermes 900 HFE Unmanned Aircraft Systems.
Taiwan Semiconductor plans to sell 29.16 million common shares of Motech Industries, Inc., or approximately 6% of Motech's paid-in-capital.
An article published in The Korea Times says Apple is in talks with Samsung Elect affiliate Samsung Display Co. The iPhone maker is allegedly considering starting to use organic light-emitting diodes displays in its phones within two years.
European markets were mixed today, with the German DAX 30 index gaining 0.04%, Paris’ CAC 40 Index ahead 0.1%, while and London's FTSE 100 Index dipped 0.2%.
Asian markets were almost uniformly lower, with sharp drops in Hong Kong, Taiwan and Shanghai.
Oil prices faded 0.78 cents to $42.26 U.S. a barrel
Gold prices dipped $12.88 to $1,059.45 U.S. an ounce.
