Canadian dollar, U.S. index futures up before open of North American markets

Canadian dollar, U.S. index futures up before open of North American markets photo Canadian dollar, U.S. index futures up before open of North American markets

Canada’s main stock index fell 1 percent on Friday as investors held on to concerns raised by the U.S. Federal Reserve about global economic growth and sell-offs in the prices of copper and oil weighed on resource shares.



The Toronto stock market began the week with a solid advance that erased most of the last Friday’s big decline, driven by strength in the heavily weighted energy and financial sectors.

The Dow Jones industrial futures were up 98 points at 16,416.0, the S&P 500 futures advanced 10.2 points to 1,960.8 and the Nasdaq futures gained 19.0 points to 4,345.8.

At mid-afternoon, the S&P/TSX index was up 107.74 points at 13,754.64, although well off its highs of earlier in the day.

Light, sweet crude futures for October were up 62 cents, or 1.4%, at $45.30 in the Globex electronic session.

The loonie fell 0.07 a US cent to 75.59 cents US.

“The outlook, in my opinion, is very conservative”, he said.

 

There was no indication that the company would face any penalties in Canada, although the automaker said it had halted sales of the models in question in this country too.

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