Futures for Canada's main stock index edged lower on Friday as investors were spooked by a rout in global bonds markets after a stalemate in U.S.-Iran talks dented risk sentiment.
The TSX Composite Index gained 226.84 points to close Thursday to 34,268.27
June futures dumped 0.8% Friday.
The Canadian dollar was off 0.17 cents to 72.70 cents U.S.
U.S. President Donald Trump, on the last day of his trip to China, said his patience with Iran was running out and that China's President Xi Jinping agreed that Tehran must not be allowed to develop nuclear weapons and should reopen the Strait of Hormuz.
Oil prices gained more than 3% due to the lack of progress on a peace deal to end ship attacks and seizures around the Strait of Hormuz.
On the earnings front, airborne survey firm NXT Energy's first-quarter revenue and profit fall on contract phase shift.
Energy technology firm Questerre's first-quarter adjusted funds flow jumps on Brazil cost cuts.
On the economic calendar, Canada Mortgage and Housing Corporation reported the trend in housing starts increased by 3.2% in April with 256,777 units.
Statistics Canada said foreign investors purchased $4.6 billion of Canadian securities in March, the lowest monthly investment since the beginning of 2026. Meanwhile, Canadian investors acquired $3.9 billion of foreign securities, well below the monthly average investment of $16.7 billion during the previous four months.
Moreover, manufacturing sales in this country rose 3.0% in March, driven largely by increased sales of petroleum and coal products and transportation equipment. On a quarterly basis, total sales edged up 0.1% in the first quarter of 2026.
ON BAYSTREET
The TSX Venture Exchange erased 1.05 points Thursday to 1,015.07.
ON WALLSTREET
U.S. stock futures fell on Friday, bogged down by losses in technology stocks and a rise in U.S. Treasury yields, after a summit between President Donald Trump and Chinese President Xi Jinping ended and left traders worried about no major policy breakthroughs.
Futures for the Dow Jones Industrials sank 434 points, or 0.9%, to 49.720
Futures for the S&P 500 faltered 92.25 points, or 1.2%, to 7,433.25.
Futures for the NASDAQ decreased 499.5 points, or 1.7%. to 29,188.25.
Investors took profits in tech after the group saw sharp gains recently. Notably, NASDAQ futures were bogged down by a 4% loss in Intel and a 3% decline in Advanced Micro Devices and Micron Technology. Nvidia dropped 2%, while Cerebras Systems — which surged 68% Thursday after it began trading on the NASDAQ — shed 3%.
Microsoft was an exception, however. The stock was 0.6% higher after Bill Ackman said in a post on X Friday that Pershing Square has built a position in the name.
Boeing shares extended their losses Friday following a nearly 5% drop in the previous session, as investors were let down by Trump saying that China has agreed to buy 200 Boeing jets — just 50 more than the company had previously anticipated.
Stocks are headed for a winning week, with the S&P 500 and NASDAQ each headed for their seventh straight week of gains. The Dow is on pace for a sixth winning week in seven.
In Japan, the Nikkei 225 stumbled 2% Friday, while the Hang Seng index in Hong Kong lost 1.6%.
Oil prices sprang up $3.18 to $104,35 U.S. a barrel.
Gold prices dropped $131.80 to $4,554.10 U.S an ounce.
