Futures poke higher after disastrous sessions

Oct 12, 2018 (Baystreet.ca via COMTEX) —

Stock futures for Canada’s main stock index edged higher on Friday, tracking global equity markets, which bounced back after a sharp selloff this week.

The S&P/TSX Composite Index got bruised 200.27 points, or 1.3%, to conclude Thursday at 15,317.13

The Canadian dollar inched higher 0.12 cents to 76.86 cents U.S. early Friday

December futures gained 0.6% Friday

Air Transat officials said the carrier could expand a partnership deal with the airline arm of British tourism group Thomas Cook to include codesharing and interlining.

Enbridge Inc on Thursday said a 30-inch natural gas pipeline in northern British Columbia has become operational after being shut down due to a fire in an adjacent line, which led to supply disruptions in the U.S. state of Washington.

Cannabis producer Aphria Inc posted a 41% rise in quarterly profit, boosted by gains from its investments in Liberty Health Sciences and Hiku Brands Co.

Morgan Stanley cut the target price on Cenovus Energy to $17.00 from $18.00

Raymond James raised the rating on Element Fleet Management to strong buy from outperform.

ON BAYSTREET

The TSX Venture Exchange subtracted 1.1 points Thursday to 691.46

ON WALLSTREET

U.S. stock index futures rose sharply ahead of Friday’s open as worries over rising rates subsided and tech shares rebounded from steep losses earlier this week.

Futures for the Dow Jones Industrials screamed higher 246 points, or 1%, to 25,431

S&P 500 futures gained 28 points, or 1%, to 2,773.50, while futures for the NASDAQ composite leaped 110.5 points, or 1.6%, to 7,141.50

Futures climbed as tech shares rose sharply in the pre-market. Amazon and Apple both rose more than 2%, while Netflix surged more than 3.5%. Facebook, meanwhile, gained 1.5% and Twitter jumped 2.6%.

Stocks have also fallen this week as tech —

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