Futures for equities in Canada’s largest market made their way higher on Friday, ahead of the release of the country’s Gross Domestic Product growth data for June, helped by higher bullion prices.
The TSX lost 58.48 points, to conclude business Thursday at 16,731.49.
The Canadian dollar gained 0.4 cents Friday to 76.60 cents U.S.
September futures rose 0.2% Friday.
RBC raised the target price BRP Inc to $78.00 from $66.00
TD Securities raised target price Canadian Imperial Bank of Commerce to $120.00 from $110.00
National Bank of Canada raised the target price Toronto-Dominion Bank to $71.00 from $68.00
In the economic area, Statistics Canada reported GDP fell 11.5% in the second quarter, following a 2.1% decline in the first quarter.
ON BAYSTREET
The TSX Venture Exchange gained 2.09 points Thursday to 731.96.
ON WALLSTREET
Futures tied to major U.S. equity benchmarks rose in early morning trading on Friday as Wall Street attempts to build on its record-breaking rally. The Dow Jones Industrial Average was set to wipe out its 2020 losses at the open.
Futures for Dow Jones Industrials hurtled higher 154 points, or 0.5%, early Friday, to 28,622.
Futures for the S&P 500 advanced 12 points, or 0.3%, at 3,497.25. The S&P 500 reached a new all-time high for a fifth day in a row on Thursday, and briefly topped 3,500 for the first time ever.
Futures for the NASDAQ Composite picked up 12.25 points, or 0.1%, to 11,965.
So far this week, the S&P 500 is up 2.5%, on pace for its best week since July 2 and its fifth straight week of gains for the first time this year. The Dow and the NASDAQ also have gained more than 2% each week to date.
Investors will monitor fresh economic data on Friday, including consumer spending, personal consumption expenditures as well as consumer sentiment.
Overseas, in Japan, the Nikkei 225 faded 1.4% Friday, while in Hong Kong, the Hang Seng index gained 0.6%.
Oil prices let go of a penny to $43.03 U.S. a barrel.
Gold prices hiked $36.00 to $1,947.40 U.S.