Jan 15, 2021 (Baystreet.ca via COMTEX) --
Futures for equities in Canada's largest centre fell on Friday, as weakness in oil prices and fears of tighter lockdowns as coronavirus cases rise globally outweighed optimism around a U.S. stimulus plan outlined by U.S. President-elect Joe Biden.
The TSX gained 23.35 points to conclude Thursday at 17,958.09.
The Canadian dollar dumped 0.44 cents to 78.62 cents U.S.
March futures skidded 0.2% Friday.
Finance Minister Bruno Le Maire expressed France's stiff opposition to a possible near-$20-billion takeover of Carrefour by Alimentation Couche-Tard on Friday
Canaccord Genuity raised the rating on Aphria to speculative buy from hold.
CIBC initiated coverage on Cenovus Energy with an outperform rating
National Bank of Canada raised the rating on Pason Systems to outperform from sector perform.
On the economic beat, the Canadian Real Estate Association was scheduled to come out Friday morning with home sales for December.
As well, housing starts were in the news, as the Canada Mortgage and Housing Corporation was to declare the figure for December. Results were not available at press time.
The TSX Venture Exchange leaped 14.11 points, or 1.6%, Thursday to 914.35.
Stock futures fell on Friday as President-elect Joe Biden announced details of a $1.9-trillion stimulus plan and major banks got set to release their quarterly results, kicking off the earnings reporting season.
Futures for the Dow Jones Industrial dropped 153 points, or 0.5%, to 30.756