Jan. 22, 2021, 8:46 a.m. EST

Futures Subside Ahead of Friday Trade

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Jan 22, 2021 (Baystreet.ca via COMTEX) -- Futures for Canada's main stock index fell on Friday, dragged by lower crude and gold prices, ahead of domestic retail sales data due later in the day.

The S&P/TSX Composite Index faltered 98.71 points to close Thursday at 17,916.20

The Canadian dollar hesitated 0.37 cents to 78.69 cents U.S.

March futures slumped 0.4% Friday.

Northern Dynasty Minerals said on Thursday its U.S. subsidiary Pebble Limited Partnership has filed an appeal with the U.S. Army Corps of Engineers over its decision to deny a key water permit for the contentious Pebble Mine in Alaska.

ATB Capital Markets raised the target price on Air Canada to $28.00 from $27.50

RBC cut the target price on Loblaw Companies to $95.00 from $106.00

On the economic beat, Statistics Canada reported retail sales rose at their fastest pace since September, up 1.3% to $55.2 billion in November, the seventh consecutive monthly gain.

The agency says the increase was led by higher sales at food and beverage stores, along with an uptick in e-commerce sales.


The TSX Venture Exchange slumped 6.94 points to close Thursday at 939.21.


Stock futures fell early Friday morning with the S&P 500 and NASDAQ Composite set to retreat from records, as investors reassessed the outlook for President Joe Biden's ambitious COVID stimulus plan.

Futures for the Dow Jones Industrial toppled 248 points, or 0.8%, to 30,834.

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