Futures for Canada’s main stock index rose on Friday as crude oil prices gained, while investors considered disappointing employment data, to gauge the pace of economic recovery in the country.
The TSX fell 29.76 points to conclude Thursday at 19,941.39.
The Canadian dollar was off 0.09 cents Friday at 82.51 cents U.S.
June futures added 0.2% Friday.
CIBC raises target price on Precision Drilling to $50.00 from $45.00
Scotiabank raised the target price on Equitable Group to C$157 from C$155
On the economic front, Statistics Canada reported the economy lost 68,000 jobs in May, adding to a decline of 207,000 in April. The unemployment rate was little changed at 8.2%.
Western University’s IVEY School of Business was standing by with its Purchasing Managers Index for May, due at 10 a.m. EDT.
ON BAYSTREET
The TSX Venture Exchange stumbled 3.68 points Thursday to 969.86
ON WALLSTREET
U.S. stock futures were little changed on Friday as investors digested the key May jobs report.
Futures for the Dow Jones Industrials stepped back 14 points to 34,554.
Futures for the S&P 500 inched up 4.5 points, or 0.1%, to 4,195.75.
Futures for the NASDAQ Composite galloped 27 points, or 0.2%, to 13,556.25.
Meme stocks continued their wild prices swings on Thursday, especially AMC Entertainment. The movie theater operator said Thursday morning it was going to sell 11.5 million shares only to announce several hours later it already completed its stock offering, raising $587.4 million in additional capital.
AMC closed down nearly 18%. Other meme stocks like Blackberry also experienced volatility on Thursday.
AMC was down another 7% in pre-market trading Friday.
Facebook shares fell slightly in pre-market trading after the company was hit with new antitrust investigations from the U.K. and European Union.
The U.S. Labor Department told investors May’s non-farm payrolls came in at 559,000, paling in comparison to the 671,000 expected for last month.
Still, this morning’s figure is up from a disappointing 266,000 payrolls added in April.
Overseas, in Japan, the Nikkei 225 fell 0.4% Friday, while in Hong Kong, the Hang Seng index dropped 0.2%.
Oil prices advanced 20 cents to $69.01 U.S. a barrel.
Gold prices cleared breakeven 90 cents to $1,874.20 U.S.