Futures Upward to Head into Christmas Weekend

Futures in Toronto inched upwards on Friday, tracking strength in commodity prices ahead of a key inflation reading from the United States.

The TSX Composite stumbled 221.44 points, or 1.1%, to end a disastrous Thursday at 19,349.66.

Futures on the S&P/TSX index were up 0.2% Friday morning.

The Canadian dollar forged ahead 0.16 cents to 73.49 cents U.S.

Among individual stocks to look out for, Canada awarded CAE Inc. and Britain’s Leonardo U.K. Ltd of Yeovil two contracts valued at up to $1.24 billion to support the CH-149 Cormorant helicopter fleet, which contributes to search and rescue operations

CIBC cut AutoCanada to “neutral” from “outperformer”.

Canadian markets will remain closed on Monday and Tuesday next week, owing to Christmas and Boxing Day observances.

On the economic calendar, Statistics Canada said this country’s GDP edged up 0.1% in October as growth in services-producing industries was partially offset by declines in goods-producing … Read more

Stocks Flat at Outset

Stock markets in Canada’s largest centre at the open on Friday, with energy stocks in the lead as investors digested U.S. economic data that offered evidence of cooling inflation.

The TSX Composite weakened 3.23 points to begin the last session before Christmas at 19,346.43.

The Canadian dollar subsided 0.04 cents at 73.29 cents U.S.

Among individual stocks to look out for, the federal government awarded CAE Inc. and Britain’s Leonardo U.K. Ltd of Yeovil two

contracts valued at up to $1.24 billion to support the CH-149 Cormorant helicopter fleet, which contributes to search and rescue operations. CAE shares lost 22 cents to $25.80.

CIBC cut AutoCanada to “neutral” from “outperformer”. AutoCanada shares let go of a penny to $22.58.

Canadian markets will remain closed on Monday and Tuesday next week, owing to Christmas and Boxing Day observances.

On the economic calendar, Statistics Canada said this country’s GDP edged up 0.1% … Read more