Encana, First Quantum
The S&P/TSX composite index gained 56.09 points to close Thursday at 15,030.74
The Canadian dollar was unchanged at
In corporate news, energy producer Encana has reached an agreement with
First Quantum Minerals has temporarily halted construction activity at its Cobre Panama project due to an illegal work stoppage by some members of its construction workforce. It said the dispute centres around the work roster.
On the economic slate, Statistics Canada reported this morning that its Raw Materials Price Index declined 0.4%, mostly as a result of lower prices for animals and animal products.
Its Industrial Product Price Index was down 0.5% in May, mainly because of lower prices for energy and petroleum products.
Markets are looking weak Friday, amid general uncertainty.
Ahead of the opening bell, futures for the Dow Jones Industrials dropped 24 points, or 0.1%, to 16,738. Futures for the S&P 500 fell 3.8 points to 1,944.90, and futures for the NASDAQ faded four points, or 0.1%, to 3,813.50.
So far this year, though, stock market performance has been impressive.
After a significant drop in January, all three major U.S. indexes have gone on to new record highs. The S&P 500 has surged by nearly 6%, the NASDAQ is up by almost 5% and the Dow has risen by 1.6%.
Shares in Nike were rising by about 3% pre-market after the company's earnings beat
Barclays shares were rising ahead of the bell, but falling far short of recouping their 7% dive from Thursday, following a lawsuit from the
General Electric was another pre-market mover Friday, with shares down by about 1%. The company recently agreed to buy Alstom's power generation business.
Economically speaking, the
European markets were mixed in midday trading.
In Asian markets, the
Oil prices gained
Gold prices gained
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