Futures for Canada's main stock index ticked higher on Friday after U.S. President Donald Trump said a ceasefire was still holding, despite U.S.-Iran clashes and renewed attacks on the UAE.
The TSX Composite Index fell 125.20 points to close Thursday at 33,856.62.
June futures moved 0.2% higher Friday.
The Canadian dollar gathered 0.07 cents to 73.26 cents U.S.
On the earnings front, Rogers Sugar's second-quarter revenue fell and missed analyst expectations.
Cardinal Energy's first-quarter revenue rose on record production.
Emera's first-quarter adjusted EPS rose 7% yr/yr, beating analyst expectations.
The flare-up in fighting came as Washington awaited a response from Tehran to its proposal to end the conflict, which began with joint U.S.-Israeli airstrikes across Iran on February 28.
Friday is jobs day in Canada, and Statistics Canada reported employment was little changed in April (-18,000; -0.1%) and the unemployment rate increased by 0.2 percentage points to 6.9%, as more people searched for work.
ON BAYSTREET
The TSX Venture Exchange slid 1.62 points Thursday to 994.28.
ON WALLSTREET
U.S. stock futures rose early Friday as traders eyed developments between the U.S. and Iran. They also looked ahead to the release of April’s jobs report.
Futures for the Dow Jones Industrials sprang back 150 points, or 0.4%, to 49,850.
Futures for the S&P 500 prospered 34.25 points, or 0.5%, to 7,397.25
Futures for the NASDAQ jumped 193.75 points, or 0.7%. to 28,876.
In a Truth Social post Thursday night, President Donald Trump said there was “no damage done to the three Destroyers, but great damage done to the Iranian attackers.” He also reportedly said that the ceasefire is still in effect, saying the strikes against Iranian targets were “just a love tap.”
On Friday morning, investors will look forward to the release of April’s unemployment rate and payrolls data. Dow Jones estimates show that economists are expecting job gains of just 55,000 last month, and they anticipate the U.S. jobless rate will hold steady at 4.3%.
In Japan, the Nikkei 225 eased 0.2%, while the Hang Seng index in Hong Kong gained 0.9%
Oil prices were lower one cent to $94.80 U.S. a barrel.
Gold prices hiked $22.00 to $4,732.90 U.S an ounce.
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