Futures tracking Canada's blue-chip index edged lower on Friday as a global selloff in semiconductor stocks dented risk appetite, while an escalating U.S.-Iran conflict kept oil prices elevated on concerns over potential supply disruptions.
The TSX pointed downward 76.05 points to conclude Thursday at 35,340.15.
Futures parted with 0.3% early Friday.
The Canadian dollar inched higher 0.09 cents to 71.31 cents U.S.
The U.S. and Iran escalated attacks across the Gulf, with their collapsed ?truce disrupting oil flows through the Strait of Hormuz.
On the domestic front, Prime Minister Mark Carney said on Thursday that Canada will not share with U.S. toll revenues from the new bridge connecting Windsor, Ontario, and Detroit, until Canada recoups its initial investment.
Carney's statement comes at a time when the two neighbours are trying to work out the USMCA trade ?agreement.
On the economic slate, Statistics Canaada reported foreign investors purchased $7.9 billion of Canadian securities in May, down from a sizable $46.9 billion investment in April.
Meanwhile, Canadian investors acquired $22.3 billion of foreign securities, following a divestment of $11.4 billion in the previous month.
ON BAYSTREET
The TSX Venture Exchange skidded 23.88 points, or 2.7%, Thursday to 853.91.
ON WALLSTREET
NASDAQ futures fell sharply on Friday, as mounting jitters over artificial intelligence spending weighed on sentiment and dragged global tech stocks lower.
Futures for the Dow Jones Industrials slid 276 points, or 0.5%, to 52,510
Futures for the S&P 500 dumped 59.75 points, or 0.8%, to 7,518.
Futures for the NASDAQ Composite hurtled lower 485.25 points, or 1.7%, to 28,740.50
The major stock benchmarks are also down week to date, with the S&P 500 off by 0.6%, while the Dow is behind 0.2% and NASDAQ has slipped 1.5%.
Shares of Applied Materials and LAM Research shed 4% and 3%, respectively. Intel, KLA Corporation and Arm were around 3% lower, while Micron lost more than 1%. Nvidia shares were 2% lower.
Alongside chips, shares of Netflix were a major laggard Friday, falling more than 11% after the company posted second-quarter results that were roughly in line with expectations as well as a disappointing earnings forecast.
Further escalations in the U.S.-Iran war also remained in focus on Friday, with oil prices rising in their wake. U.S. West Texas Intermediate crude futures were last trading above $80 per barrel, while international benchmark Brent crude futures were above $85.
In Japan, the Nikkei 225 collapsed 4% Friday, while in Hong Kong, the Hang Seng ditched 1.8%.
Oil prices hiked $1.87 to $80.82 U.S. a barrel.
Gold prices brightened $6.90 to $3,999 U.S an ounce.
