RBC out with earnings
Canadian stock futures were little changed on Friday as investors remained on the sidelines ahead of speeches by U.S. Federal Reserve Chair
The S&P/TSX composite index was negative 6.69 points to close the session out Thursday at 15,555.26. Futures were up only 0.02% Friday.
The Canadian dollar subsided
Royal Bank of Canada reported a 4% increase in quarterly earnings on Friday, driven by strong results from its wealth management and capital markets divisions.
A federal judge in
On the economic front, Statistics Canada reported this morning that inflation dipped some last month. Consumer prices rose 2.1% in the 12 months to July, following a 2.4% increase in June. But, on a seasonally-adjusted monthly basis, CPI fell 0.1% in July, after rising 0.3% in June.
The agency also told us that retail sales continued their winning streak in June, up 1.1% to
Could U.S. stocks hit yet another record high? It's entirely possible.
Ahead of the opening bell, futures for the Dow Jones Industrials dipped four points to 17,012. Futures for the S&P 500 fell 1.25 points to 1,988.25, and futures for the NASDAQ backed off 1.75 points, or 0.2%, to 4,045.75.
Shares of GameStop rose after the company said its quarterly profit doubled.
Shares of Ross Stores also moved higher after the company reported a jump in quarterly sales and profits.
Rosneft shares drifted 2% lower in
Foot Locker and the Royal Bank of Canada will report earnings before the opening bell.
European markets faltered in early trading. The benchmark indexes in
Investors will be paying close attention to
The Federal Reserve chief is expected to focus on U.S. employment trends, and investors are hoping she may give some indication about plans for interest rates and monetary policy.
Any surprise statements from Yellen tend to move markets dramatically as people reset their economic expectations.
Oil prices demurred
Gold prices gained
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