U.S. stock futures came under renewed pressure Friday as oil prices climbed higher.
The front-month July light, sweet, crude contract on the New York Mercantile Exchange trading $2.03 higher at US$132.84 a barrel.
The Canadian dollar opened Friday at US101.33¢, off 0.10 of a cent.
Trading in BCE Inc. shares will resume this morning after The Toronto Stock Exchange halted all trading in BCE shares Thursday afternoon after a glitch caused “data integrity concerns.”
At the time trading was halted at 2:14 p.m. ET, more than 26.3 million shares had changed hands — five times the normal daily volume. BCE shares were down $4.48 to $32.64.
Late Thursday, the TSX Group said the problem had been fixed and trading would resume on Friday in BCE shares and 36 other stocks that had been affected.
On today’s economic calendar, areport from the U.S. National Association of Realtors is due at 10:00 ET. It’s expected to show that sales of existing homes fell in April to a new low.
In earnings news, Gap late Thursday reported a 40% profit rise after limiting profit-eroding discounts.
CA Inc. may rise after the IT management-software firm projected bigger fiscal-year earnings and revenue than analysts had forecast.
Overseas, the Nikkei 225 index ended 0.2% higher in Tokyo, but some other Asian indexes didn’t fare as well. The FTSE 100 Index lost 0.5% in London.
The Toronto Stock Exchanges main index finished flat Thursday after a rollercoaster ride punctuated by BCE’s stock sinking on court decision in favour of bondholders.
The S&P/TSX composite index closed up just 1.99 points, or 0.01%, at 14,792.36, as seven of the ten major TSX groups gained ground.
The junior S&P/TSX Venture composite index rose 8.57 points, or 0.32%, to 2,680.33.
In New York, markets were rocky but closed up as oil prices retreated from yesterday’s high.
The Dow Jones Industrial Average closed up 24.43 points, or 0.19%, at 12,625.62.
The S&P 500 closed up 3.64 points, or 0.26%, to close at 1,394.35.
The tech-heavy Nasdaq closed up 16.31 points, or 0.67%, to close at 2,464.58.