Futures tracking Canada's resources-heavy main stock index gained on Friday as prices of oil and precious metals rose on investors' hopes that top consumer China's economy would strengthen as it eases more COVID-19 curbs.
The TSX Composite eked down 4.03 points to end Thursday at 19,969.19.
December futures on the S&P/TSX index forged ahead 0.3%.
The Canadian dollar sank 0.09 cents to 73.44 cents U.S.
The benchmark Canadian index has closed lower for five straight sessions and appears set to record its biggest weekly
drop in more than two months, with the energy sector, down 7.5% for the week, among the biggest drags.
Pakistan's Supreme Court endorsed a settlement for Barrick Gold to resume mining at the Reko Diq project, one of the world's largest underdeveloped sites of copper and gold deposits.
On the research front, Credit Suisse cut Canadian Imperial Bank of Commerce's rating to "neutral" from "outperform".
ON BAYSTREET
The TSX Venture Exchange edged down 2.2 points Thursday to 581.74.
ON WALLSTREET
Stock futures fell Friday after wholesale prices rose more than expected in November.
Futures for the Dow Jones Industrials toppled 155 points, or 0.5%, early Friday to 33,885.
Futures for the S&P 500 dropped 21.75 points, or 0.5%, to 3,975.50.
Futures for the NASDAQ Composite flopped 72.75 points, or 0.6%, to 11,686.25.
The indexes gained Thursday, even so, all three are on track for weekly losses. The S&P 500 is off by 2.6%, while the NASDAQ is down more than 3%. The Dow shed 1.8%.
Shares of Lululemon fell more than 6% after the company gave a weaker-than-expected fourth-quarter outlook.
November’s producer price index report has offered further information regarding how the Federal Reserve’s interest rate hikes are working to tame high inflation.
In Japan, the Nikkei 225 let go of 1.2% Friday, while in Hong Kong, the Hang Seng Index gained 2.3%.
Oil prices took on 82 cents to $72.28 U.S. a barrel.
Gold prices improved $7.50 to $1,809 U.S. an ounce.
