Futures on Canada’s largest stock market were lower on Friday as oil prices fell more than 2% amid growing skepticism that a looming deal to freeze crude production can help ease a global glut.
The S&P/TSX Composite Index fell 9.62 points to finish Thursday and the month of March at 13,494.36. June futures receded 0.6% Friday morning.
The Canadian dollar faded 0.13 cents to 76.76 cents U.S. early Friday.
The TSX jumped 4.9% in March for a 3.7% improvement this year, set for its best quarterly performance since the second quarter in 2014.
CIBC raised the target price on Dollarama to $100 from $90
BlackBerry is out with earnings this morning.
RBC manufacturing PMI data is due at 9:30 a.m. ET.
ON BAYSTREET
The TSX Venture Exchange regained 1.94 points Thursday to 578.83
ON WALLSTREET
U.S. stock futures are dipping lower as nearly all major global markets drop into the red.
Ahead of the opening bell, futures for the Dow Jones Industrials tumbled 56 points, or 0.3%, to 17,539, futures for the S&P 500 faded eight points, or 0.4%, to 2,043.5. NASDAQ futures dipped 15 points, or 0.3%, to 4,461.25.
Shares in the hotel companies Marriott International and Starwood Hotels & Resorts are dropping in extended trading on news that China's Anbang withdrew its $14-billion U.S. offer to buy Starwood.
Anbang had been in a bidding war with Marriott, which still has an offer on the table for Starwood.
Marriott and Starwood are holding an investor call this morning. to encourage shareholders to vote for the deal.
Shares in Tesla could be on the move after the electric-car company unveiled its new Model 3 car, which was designed for the mass market. It's priced at $35,000 U.S
More than 115,000 people globally have already paid roughly $1,000 U.S. to reserve a new Model 3.
The U.S. economy added 215,000 jobs in March. Unemployment remained little changed at 5%.
Most European markets are down by about 1% in early trading, though some are pushing towards the 2% zone.
Major Asian markets ended the day with losses, except for the Shanghai Composite index, which edged up by 0.2%.
Tokyo's Nikkei 225 closed with a 3.6% loss.
Oil prices hesitated $1.04 to $37.30 U.S. a barrel
Gold prices dropped $4.80 to $1,227.95 U.S. an ounce.
