North American markets likely will drift with Friday’s shortened session in New York, and U.S. investors sluggish from the Thanksgiving holiday.
Both the U.S. stock and bond markets will close early, at 13:00 and 14:00 ET, respectively. No major economic data are expected.
The data flow is quiet in Canada today, too, with no major economic releases from Statistics Canada.
In Toronto, stocks to watch this morning include CIBC, Husky Energy and Jovian Capital.
Late Thursday came news that CIBC has been faxing confidential information about hundreds of its customers to a scrap yard dealer in West Virginia for over three years.
Efforts to get the faxes stopped haven’t been successful, the scrap yard owner says. CIBC says it believed the problem was resolved in 2002.
In this morning’s news, the Chinese government is said to be in talks with the owner of Husky Energy, Hong Kong billionaire Li Ka-shing about acquiring the oil and gas firm.
After markets closed yesterday, Jovian Capital said second quarter revenue almost doubled to $14.2 million from $7.5 million a year ago.
The company said the jump in revenue was the result of Jovian’s acquisitions over the past year, including T.E. Financial Consultants Ltd., Felcom Data Services Inc., and Leon Frazer & Associates Inc.
Toronto stocks finished higher Thursday, helped by a rebound in the heavily weighted financial group, but volume was thin with U.S. markets closed for Thanksgiving Day.
The S&P/TSX composite index closed up 49.91 points, or 0.56%, at 9,025.50. Volume was a light 153 million shares.
Financials recouped some of Wednesday’s sell-off, climbing 0.63%.
The junior S&P/TSX Venture composite index closed up 24.80 points, or 1.46% at 1,727.74.
On Wednesday, the Dow Jones industrial average closed up 27.71 points, or 0.3%, at 10,520.31 while the Nasdaq composite index, lifted 18.26 points, or 0.9%, to 2,102.54. The S&P 500 index added 4.82 points, or 0.4% to 1,181.76.