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Canadian Futures Surmount Breakeven
The TSX Composite Index kept its win streak rolling, adding 129.28 points to wrap up Thursday’s session at 24,690.48.
December futures were up 0.1% Friday.
The Canadian dollar inched higher 0.01 cents to 72.50 cents U.S.
The Canadian central bank's policy meeting is due next week, and investors have raised their expectations for a larger-than-usual interest rate cut following Tuesday's unexpectedly low inflation data.
Traders are betting high on a 50-basis-point cut at the meeting on Oct. 23, the odds of which stand at 91.7%.
A larger cut can provide a much-needed boost to the domestic economy, whose annual inflation level has dropped below the central bank's 2% target.
In corporate news, Dundee Corporation announced it acquired two million common shares of Greenheart Gold at the price of $0.50 per share.
ON BAYSTREET
The TSX Venture Exchange nosed up 2.26 points Thursday to 608.90.
ON WALLSTREET
Stock futures rose Friday as investors looked to end the week on a high note, while strong Netflix earnings boosted sentiment.
Futures for the Dow Jones Industrials index shed 27 points, or 0.1%, to 43,484.
Futures for the S&P 500 gained 10.5 points, or 0.2% to 5,897.50.
Netflix climbed more than 6% after the streaming giant beat Wall Street’s expectations on both lines in the third quarter, while reporting a 35% jump in ad-tier memberships from the prior three-month period.
Those moves come after a rally in Travelers propelled the Dow to finish Thursday at an all-time closing high. The broad S&P 500 inched lower despite notching a fresh intraday high during the session, while the technology-heavy NASDAQ Composite concluded modestly higher.
American Express and Procter & Gamble are among the companies reporting earnings before the bell Friday morning.
The Dow has led the way this week, on track to finish 0.9% higher. The S&P 500 took on 0.5% and NASDAQ Composite has added 0.2% on the week.
Futures for the NASDAQ Composite Index acquired 94.15 points, or 0.5%, to 20,462.50.
In Japan, the Nikkei 225 poked ahead 0.2%, while in Hong Kong, the Hang Seng popped 3.6%.
Oil prices gave back 22 cents to $70.45 U.S. a barrel.
Gold prices hiked $20.60 to $2,728.10
