Futures tied to Canada's resource-heavy main stock index traded flat in thin volumes on Friday as investors remained cautious amid elevated oil prices and retreating metal values with no end in sight to the Middle East conflict.
The TSX Composite Index regained 645.94 points, or 1.9%, to close Thursday at 33,964.33.
June futures eked up 0.1% Friday.
The Canadian dollar nudged ahead 0.09 cents U.S.
Among corporate news, Air Canada suspended its 2026 forecast, as higher jet fuel prices due to the war in Iran created uncertainty over costs, even as travel demand remained robust.
Magna International's first-quarter sales and adjusted profit beat estimates, helped by currency gains.
Geopolitical tensions escalated on Thursday when Iran warned it would unleash "long and painful strikes" on U.S. positions if Washington renewed attacks, while also reasserting its claim to the Strait of Hormuz.
On the economic front, Markit Canada will release its PMI later this month (about 9:30 a.m. EDT)
ON BAYSTREET
The TSX Venture Exchange rebounded 12.35 points, or 1.3%, Thursday to 994.87.
ON WALLSTREET
S&P 500 futures were relatively unchanged on Friday, while Dow Jones Industrial Average futures rose, boosted by Apple shares, as a new month of trading gets underway.
Futures for the 30-stock index shot higher 122 points, or 0.2%, to 49,957.
Futures for the much broader advanced 9.25 points, or 0.1%, to 7,253
Futures for the NASDAQ dropped 48.25 points, or 0.2%, to 27,547.75.
Shares of Apple climbed more than 3% in premarket trading after the consumer tech giant posted a fiscal second-quarter earnings and revenue beat.
Not only that, the company’s revenue outlook for the current quarter was better than expected, overshadowing the fact that iPhone revenue fell short of estimates for the second time in three quarters.
Roku shares popped 7% after posting first-quarter revenue of $1.25 billion, beating the expected $1.20 billion. The company’s $148.4 million adjusted EBITDA was also ahead of estimates calling for $131.3 million.
The moves come after a record-setting trading session, with the S&P 500 closing above the 7,200 threshold for the first time ever. That helped both the S&P 500 and NASDAQ — which also notched a new record closing high — secure their strongest monthly performances since 2020.
The Dow, meanwhile, saw its strongest monthly performance since November 2024.
In Japan, the Nikkei 225 gained 0.4%, while the Hang Seng index in Hong Kong joined much of the rest of the region on holiday.
Oil prices faltered 72 cents to $104.35 U.S. a barrel.
Gold prices sagged $43.40 to $4,586.20 U.S an ounce.
