Canada's main stock index opened higher on Friday on fresh hopes of a renewed dialogue between Washington and China for resolving their bilateral trade dispute.
The S&P/TSX Composite Index came out of the blocks Friday stronger 67.64 points at 15,217.79
The Canadian dollar faded 0.05 cents to 76.33 cents U.S.
Enbridge reported a third-quarter loss on Friday as it recorded several charges. Enbridge dropped 66 cents, or 1.6%, to $40.87.
JP Morgan raised the price target on Air Canada to $34.00 from $30.00. Air Canada got lift of 67 cents, or 2.6%, to $26.64.
CIBC cut the rating on Saputo to neutral from outperform. Saputo slumped $2.41, or 6.2%, to $36.25.
CIBC cut the rating on Source Energy Services to underperformer from neutral. Source shares decreased 12 cents, or 5.9%, to $1.92.
On the economic ledger, Statistics Canada says employment was little changed in October, the economy creating but 11,000 jobs. The unemployment rate decreased 0.1 percentage points to 5.8% as fewer people searched for work.
The agency also reported that this Canada's merchandise trade deficit with the world narrowed to $416 million in September from $551 million in August. Imports fell 0.4%, while exports edged down 0.2%.
ON BAYSTREET
The TSX Venture Exchange charged ahead 4.71 points to 649.66
Seven of the 12 subgroups were positive in the first hour, with health-care surging 1.7%, while information technology and financials ahead 1.1% each.
Five other subgroups did not fare so well, with consumer staples falling 4.5%, while utilities and real-estate each sank 0.4%.
ON WALLSTREET
Stocks traded mostly higher on Friday following the release of better-than-expected employment data and renewed optimism on trade, but sharp losses in Apple capped gains.
The Dow Jones Industrials gained 114.41 points to 25,495.15, with Chevron and Caterpillar outperforming.
The S&P 500 added 2.6 points, or 1.1%, to 2,742.97, led by the energy and consumer discretionary sectors.
The NASDAQ ducked back 42.62 points to 7,391.43, as Apple shares dropped more than 5.5%
Apple's steep drop also dragged down shares of other tech-related companies like Facebook, Netflix and Alphabet. It also pressured the major indexes off their session highs.
Apple fell after the company's iPhone shipments for last quarter missed estimates. The company also offered light guidance and announced major changes to its reporting structure. These were enough to overshadow stronger-than-expected earnings and revenue.
Stocks surged at the open after the U.S. Labor Department said the stateside economy added 250,000 jobs last month. Economists expected an addition of 190,000. Wages, meanwhile, rose 3.1% on an annualized basis in October for the first time since the recession.
Sentiment was initially lifted after a Bloomberg News report said President Donald Trump asked officials to start drafting a potential trade deal with China.
But a White House official told the media later that Bloomberg's report was not true, noting: "There is a long way to go" on these negotiations.
Prices for the benchmark for the 10-year U.S. Treasury slid, raising yields to 3.18% from Thursday’s 3.14%. Treasury prices and yields move in opposite directions.
Oil prices lost 45 cents to $63.24 U.S. a barrel.
Gold prices dipped $2.80 an ounce to $1,235.80
