Feb 14, 2020 (Baystreet.ca via COMTEX) —
Futures for Canada’s main stock index edged up on Friday with higher oil prices providing support, while investors kept a wary eye on possible economic fallout from the coronavirus outbreak.
The TSX Composite Index stepped back 11.68 points from Wednesday’s all-time high to conclude Thursday at 17,821.17
The Canadian dollar added 0.09 cents early Friday at 75.46 cents U.S.
March futures up 0.2% early Friday.
Markets are to be shuttered Monday for Family Day.
Canopy Growth said on Friday it will focus on reducing costs as the pot producer struggles with a slump in weed prices from oversupply and higher expenses that led to a bigger adjusted loss in the quarter.
Telus Corp will soon begin rolling out its 5G network and its initial module will be with Huawei Technologies Co Ltd’s equipment, the company’s Chief Financial Officer Doug French said on Thursday.
CannTrust Holdings on Thursday named Greg Guyatt as chief executive officer, months after it fired Peter Aceto following a Health Canada finding that the marijuana producer grew cannabis in unlicensed rooms.
Canaccord Genuity cut the target price on Aurora Cannabis to $2.25 from $3
CIBC raised the rating on Lundin Gold to outperformer from neutral
National Bank of Canada ups target price on Canadian Tire Corporation to $178.00 from $174.00
On the economic beat, the Canadian Real Estate Association was due to release home sales figures for January.
The TSX Venture Exchange retreated 1.39 points Wednesday to 571.73.
U.S. stock index futures were slightly higher Friday as Nvidia led a number of companies in reporting better-than-expected earnings while investors wrapped up another solid week of gains.
Futures for the Dow Jones Industrials progressed 44 points, or 0.2%, early Friday to 29,471.
Futures for the S&P 500