Futures in Canada’s largest stock market were trading higher on Friday as oil prices rebounded after dropping to a one-month low the previous day.
The S&P/TSX Composite Index tumbled 143.07 points to end Thursday at 15,506.47. June futures advanced 0.1% early Friday
The Canadian dollar inched back 0.02 cents to 73.3 cents U.S. early Friday.
Thomson Reuters reported higher first-quarter revenue and reaffirmed its full-year sales outlook.
Canadian alternative lender Home Capital Group Inc said on Thursday the Healthcare of Ontario Pension Plan (HOOPP) agreed to provide a $2-billion credit line to its unit Home Trust.
National Bank of Canada raised the price target on Jean Coutu Group to $25.00 from $22.00
CIBC raised the target price on Maple Leaf Foods to $36.00 from $35.00
CIBC cut the target price on TFI International to $35.00 from $38.00
On the data front, Statistics Canada reported that gross domestic product was unchanged in February following three months of growth.
Gains in service-producing industries were offset by declines in goods-producing industries.
While that will mark a step down from January's strong 0.6% pace, analysts still expect the economy is on track for a solid first quarter.
The agency’s industrial product price index rose 0.8% in March, mainly due to higher prices for motorized and recreational vehicles and primary non-ferrous metal products.
The raw materials price index fell 1.6% during the same month, primarily due to lower prices for crude energy products.
ON BAYSTREET
The TSX Venture Exchange stumbled 6.22 points Thursday to 800.45
ON WALLSTREET
U.S. stock index futures pointed to a mixed open on Friday after U.S. President Donald Trump said there was a "chance that we could end up having a major, major conflict with North Korea."
Trump, however, said he wanted a peaceful resolution to the standoff over North Korea's nuclear and missile program.
Ahead of the opening bell, futures for the Dow Jones Industrials acquired 13 points, or 0.1%, to 20,911. Futures for the S&P 500 nicked up 0.75 points to 2,386.75. NASDAQ futures faded 1.75 points to 5,589.25
On the earnings front Chevron, Colgate-Palmolive, General Motors, Exxon Mobil, Autoliv and Synchrony Financial are among a number companies set to report before the bell.
On the data front, gross domestic product and employment cost index data are set to come out early this morning, Chicago PMI is due at 9:45 a.m. ET, with consumer sentiment coming out at 10:00 a.m. ET.
European markets were slightly lower as the clock moved toward noon on the continent. In Japan, the Nikkei 225 dropped 0.3%, while the CSI 300 in Shanghai fell 0.2%.
Oil prices gained 50 cents to $49.47 U.S. per barrel.
Gold prices picked up $3.10 to $1,269.00 U.S. an ounce.
