U.S. job numbers disappoint
Canadian stocks looked set to open lower on the last trading day of the week, as investors digested the key U.S. jobs report.
The S&P/TSX composite index plunged 194.09 points, or 1.3%, to close at 15,330.73, with futures Friday down 0.3%.
The Canadian dollar dropped
Enbridge Inc reported a better-than-expected profit in the second quarter, driven mainly by higher shipment volumes on the Canadian Mainline system.
Canadian Oil Sands Ltd said on Thursday that its second-quarter profit fell by one-fifth on lower production and higher government payments.
Investors are still seeing red across the board Friday, after markets took a dive on Thursday.
Ahead of the opening bell, futures for the Dow Jones Industrials plunged 71 points, or 0.4%, to 16,423. Futures for the S&P 500 dipped 10 points, or 0.5%, to 1,914.75, and futures for the NASDAQ fell 18.25 points, or 0.5%, to 3,866.50.
Expect GoPro shares to take a dive when trading begins. The company's earnings failed to impress and shares are down by about 10% pre-market.
Shares in LinkedIn were surging by about 7% pre-market after the company posted better-than-expected quarterly results.
Shares in other major tech companies, including Apple, Google, Facebook and Microsoft were all trading lower ahead of the open.
Major companies including Burger King, Clorox and Chevron are set to release earnings before the opening bell.
The market mood may have turned (or, potentially worsen) when the U.S. government's monthly jobs report came.
A strong jobs report could raise fears that the Federal Reserve will hike interest rates sooner than expected.
Monthly ISM manufacturing data will be released at
European markets were tumbling, led by
Oil prices fell
Gold prices gained
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