Higher Futures to End Week

Mar 15, 2019 (Baystreet.ca via COMTEX) —

Futures for Canada’s main stock index edged higher on Friday on fresh hopes of a resolution to the trade dispute between the United States and China.

The S&P/TSX Composite Index dropped 62.42 points to conclude Thursday’s session at 16,087.55

The Canadian dollar fell 0.04 cents to 75 cents U.S. early Friday

June futures picked up 0.3% Friday.

Air Canada suspended its previous forecast for the first quarter and full year after Canada grounded Boeing’s 737 MAX jets following a deadly crash in Ethiopia on Sunday.

Rising global debt is slowing economic growth and making Canada, and the rest of the world, more vulnerable to another period of financial instability, Bank of Canada Senior Deputy Governor Carolyn Wilkins said on Thursday.

A federal judge in Manhattan on Thursday dismissed a lawsuit by investors that accused nine large banks, including six from Canada, of conspiring to manipulate a Canadian rate benchmark to improve profits from derivatives trading.

Canaccord Genuity raised the price target on Hexo Corp. to $10.00 from $7.50

CIBC cut the price target on Premium Brands Holdings to $72.00 from $82.00

CIBC raised the price target on WSP Global to $81 from $77

On the economic front, Statistics Canada said manufacturing sales increased 1.0% to $57.1 billion in January, following three consecutive monthly decreases.

Higher sales in the food as well as the electrical equipment, appliance and component industries were the main contributors to the gains in January.

Elsewhere, the Canadian Real Estate Association was due out Friday morning with national home sales figures for February.

ON BAYSTREET

The TSX Venture Exchange docked 1.15 points Thursday to 623.07

ON WALLSTREET

U.S. stock index futures traded slightly higher on Friday morning, as investors monitored progress in U.S.-China trade talks and reacted to the latest

Read More Here...

Bookmark the permalink.