Futures for Canada's main stock index were little changed on Friday, with investors digesting inflation data
The S&P/TSX Composite Index stayed positive 77.15 points to close the day at 16,225.65
The Canadian dollar inched up 0.06 cents at 76.06 cents U.S. early Friday
September futures settled 0.03% Friday
Canada's energy regulator on Thursday said it had given the go-ahead for the construction of a large portion of the Trans Mountain expansion project, which will nearly triple capacity on the oil pipeline from Alberta to a Vancouver area port.
Pieridae Energy, considering whether to build Canada's first major liquefied natural gas export terminal, is in talks with Axpo, a Swiss utility and energy trader, for a 10-year supply deal, the companies said on Thursday.
Canaccord Genuity raised the target price on Mullen Group to $17.50 from $16.25
On the economic slate, Statistics Canada reports foreign investment in Canadian securities totaled $11.5 billion in June, up from $3.0 billion in May. At the same time, Canadian investment in foreign securities increased to $11.3 billion, the largest investment since January of this year.
In July, the cost of living rose 3.0% on a year-over-year basis in July, following a 2.5% increase in June. On a seasonally-adjusted monthly basis, the consumer price index was up 0.5% in July, after increasing 0.2% in June. The rate was forecast unchanged at 2.5% in July.
ON BAYSTREET
The TSX Venture Exchange gained 5.29 points Thursday to 673.17
ON WALLSTREET
U.S. stock index futures came under pressure ahead of Friday's open, following a positive session seen the previous day.
Futures for the Dow Jones Industrials dwindled 62 points, or 0.2%, to 25,530
S&P 500 futures fell 6.75 points, or 0.2%, to 2,838, while futures for the NASDAQ composite slid 24.5 points, or 0.3%, to 7,364.50
Deere & Company came out with third-quarter earnings Friday, one of the few companies reporting
Economically speaking, consumer sentiment for August is scheduled to come out, along with leading economic indicators and the Advance Quarterly Services Report that measures the performance of the U.S. service economy, for the second quarter.
Overseas, in Japan, the Nikkei 225 gained 0.4% while in Hong Kong, the Hang Seng index also picked up 0.4%.
Oil prices advanced 55 cents to $66.01 U.S. a barrel.
Gold prices eked up 40 cents to $1,184.40 U.S. an ounce.
