Futures Point up in Toronto

Rogers Ouster in Focus

Futures for Canada's commodity-heavy main stock index inched higher on Friday as prices of oil and gold rose, putting the benchmark index on course for its third straight week of gains.

The TSX Composite rose 24.20 points to 21,212.39, yet another all-time high for the index.

The Canadian dollar gathered 0.24 cents to 81.08 cents U.S.

December futures were up 0.1% Friday.

The board of Rogers Communications voted to remove Edward Rogers as chairman, the company said on Thursday, amid a tussle between the family members of late founder Ted Rogers over who should lead one of Canada's biggest telecoms companies.

National Bank of Canada cuts the rating on Alamos Gold to sector perform from outperform.

National Bank of Canada also raised the target price on Franco-Nevada to $205 from $200

Canaccord Genuity cut the rating on Precision Drilling to hold from buy.

On the economic calendar, Statistics Canada reported retail sales were up 2.1% to $57.2 billion in August. The agency went on to say sales increased in nine out of 11 sub-sectors, led by higher sales at food and beverage stores, gasoline stations, and clothing and clothing accessories stores

ON BAYSTREET

The TSX Venture Exchange settled 7.48 points Thursday to 945.39.

ON WALLSTREET

Futures tied to the S&P 500 were about unchanged a day after the benchmark closed at a record.

Futures for the Dow Jones Industrials climbed 77 points, or 0.2%, to 35,557.

Futures for the S&P 500 took on 3.75 points, or 0.1%, to 4,545.50

Futures for the NASDAQ Composite Index ditched 33.5 points, or 0.2%, to 15,445.25.

All three major averages are on track to close the week higher for three-straight weeks of gains. The Dow touched an intraday record earlier in the week. On the month, all three indexes are up at least 5%.

Shares of Intel retreated more than 9% in premarket trading following a weaker-than-expected sales report. The semiconductor company blamed an industry-wide chip shortage for its revenue miss.

Social media stocks also dropped in extended trading after Snap said its advertising business declined due to Apple’s privacy changes. Snap shares sunk more than 20% in premarket trading. Facebook and Twitter each pulled back more than 3% after hours.

Despite these blips in the tech sector, overall earnings season has been terrific so far, boosting the broader market back to an all-time high following a two-month lull. So far for the third-quarter earnings season, 84% of companies are reporting EPS above estimates. Profits are on pace in the quarter to increase 33.7%.

Tesla shares closed 3% higher Thursday after posting record profit and revenue, along with strong margins.

Overseas, in Japan, the Nikkei 225 picked up 0.3% Thursday, while in Hong Kong, the Hang Seng improved 0.4%.

Oil prices gained 84 cents to $83.34 U.S. a barrel.

Gold prices picked up $12.60 to $1,794.50 U.S. an ounce.