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April 18, 2019, 8:51 a.m. EDT

Futures Flat Heading into Long Weekend

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Apr 18, 2019 (Baystreet.ca via COMTEX) -- Futures for Canada's main stock index were slightly lower on Thursday, ahead of a long Easter weekend, after world markets erased this week's gains on fears of a slowdown in global growth following weak manufacturing surveys from Asia and Europe.

The S&P/TSX Composite Index gained 42.04 points to conclude business on Wednesday at 16,544.24

The Canadian dollar gave back 0.15 cents to 74.76 cents U.S. early Thursday

June futures lost 0.1% Thursday.

Markets will be closed Friday for Good Friday

Rogers Communications reported an 8% fall in quarterly profit, as the company recorded lower revenue in both its wireless equipment and media segments.

Canopy Growth Corp is reportedly close to a deal to buy U.S.-based pot firm Acreage Holdings.

Katanga Mining, a unit of Glencore Plc , on Wednesday named Glencore Coal's chief development officer Jeff Gerard to the top job, taking over from Danny Callow.

National Bank of Canada cut the target price on Almaden Minerals to $1.20 from $1.40

CIBC raised the price target on Kinder Morgan Canada to $15.00 from $14.75

Credit Suisse raised the price target on Teck Resources to $42 from $38

On the economic calendar, Statistics Canada said, following three consecutive monthly declines, retail sales rose 0.8% in February to $50.6 billion. Sales were up in five of 11 sectors, representing 73% of retail trade.

Also, in February, 441,200 people received regular Employment Insurance benefits, an increase of 4,400 or 1.0% from January.

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