Long Weekend Ahead in Canada
Futures for Canada’s main stock index were little changed on Friday as investors digested inflation and retail sales data.
The S&P/TSX Composite Index tacked on 35.49 points to end Thursday at 16,143.55
The Canadian dollar gained 0.15 cents to 78.11 cents U.S. early Friday
June futures slid 0.07% Friday
Markets in Canada will be closed on Monday for Victoria Day.
National Bank of Canada cut the price target on Enbridge Income Fund Holdings to $29.00 from $33.00.
On the economic front, Statistics Canada reported the consumer price index rose 2.2% on a year-over-year basis in April, following a 2.3% increase in March. On a seasonally adjusted monthly basis, the Consumer Price Index was up 0.1% in April, matching the increase in March.
The agency also reported retail sales increased for the third consecutive month in March, rising 0.6% to $50.2 billion. Higher sales at motor vehicle and parts dealers more than offset lower sales at food and beverage stores and gasoline stations.
The TSX Venture Exchange dropped 0.15 points Thursday to 781.35
U.S. stock index futures pointed to higher open on Friday morning, as investors continued to monitor developments in U.S.-China trade negotiations.
Futures for the Dow Jones Industrial Average advanced 43 points, or 0.2%, to 24,747
S&P 500 futures were unchanged at 2,718.75, while futures for the NASDAQ composite index dipped 12.25 points, or 0.2%, to 6,893.50
On the corporate front, Campbell Soup and Deere were both expected to release their latest figures shortly before the opening bell on Friday.
The moves in pre-market trade come amid elevated trade tensions between the world’s two largest economies. The U.S. and China kicked off the second round of trade talks on Thursday, in the hope of averting a global trade war.
In Japan, the Nikkei 225 gained 0.4%, while in Hong Kong, the Hang Seng index progressed 0.3%.
Oil prices poked ahead three cents to $71.52U.S. per barrel.
Gold prices settled $1.70 to $1,287.70U.S. an ounce.
This article provided by NewsEdge.