Stock futures pointed to a higher opening for Canada's main stock index on Friday.
The S&P/TSX Composite Index strengthened 36.86 points to close Thursday at 15,891.63
The Canadian dollar faded 0.22 cents at 77.58 cents U.S. Friday morning.
December futures gained 0.1% Friday morning.
Precision Drilling Corp. reported a smaller-than-expected loss on Friday as drilling activity picked up in the United States on higher crude oil prices.
Officials with Potash Corp. of Saskatchewan say potential buyers have shown big interest in Potash’s 32% stake in Chilean lithium producer SQM SA, after the firm reported a lower than expected third-quarter profit.
Murray Goulburn Co-operative, Australia's largest milk processor, on Friday said it agreed to a buyout from Canadian dairy company Saputo Inc worth up to A$637.8 million ($488 million U.S.)
Berenberg cut the target price on Teck Resources to $35.00 from $36.00
Canaccord Genuity cut the target price on Eldorado Gold to $2.00 from $2.25
ON BAYSTREET
The TSX Venture Exchange turned negative 0.54 points to end Thursday at 784.68
ON WALLSTREET
U.S. stock index futures pointed to a higher open Friday after the release of stronger-than-expected earnings from large-cap tech companies.
Futures for the Dow Jones Industrials gained 21 points, or 0.1%, to 23,370,
S&P 500 futures took on five points, or 0.2%, to 2,566.50, while futures on the NASDAQ Composite index leaped 38.25 points or 0.6% to 6,123.
Amazon, Microsoft, Alphabet and Intel all reported earnings that topped Wall Street estimates Thursday after the close. Shares of Amazon rose 7.5% in the pre-market, while Microsoft, Alphabet and Intel rose 4.9%, 3.1% and 3.6%, respectively.
On the final trading day of the week, corporate earnings continue to pour in, with several key brands gearing up to release their latest financial reports.
AbbVie, Chevron, Colgate-Palmolive, ExxonMobil, Merck, Phillips 66and TransUnion are just a handful of the major companies set to publish ahead of the opening bell.
Meanwhile, real gross domestic product (GDP) data is expected to keep investors buzzing on Wall Street, with the latest economic data set to be published at 8:30 a.m. ET. Elsewhere, consumer sentiment data is expected to be released around 10 a.m. ET.
In central banking news, the European Central Bank announced Thursday that it plans on cutting the level of the bonds that it purchases each month. However, it will extend the monetary stimulus program until at least September 2018.
Overseas, European stocks posted gains approaching noon on the continent Monday, while Japan’s Nikkei 225 gained 1.2%, while in Hong Kong, the Hang Seng Index improved 0.8%
Oil prices slid 27 cents to $52.37 U.S. per barrel.
Gold prices fell $2.60 to $1,267 U.S. an ounce.
