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Futures edge upward

Stock futures pointed to a slightly higher opening for Canada's main stock index on Friday as trade ...

Stock futures pointed to a slightly higher opening for Canada's main stock index on Friday as trade tensions between the United States and the European Union subsided.

The S&P/TSX Composite Index gained 34.97 points to close Thursday at 16,455.73

The Canadian dollar ducked 0.01 cents at 76.48 cents U.S. early Friday

September futures gained 0.1% Friday

Air Canada reported a higher-than-expected quarterly profit on Friday, as the carrier benefited from robust travel demand and higher fares.

Thomson Reuters Corp's Financial and Risk unit, in which U.S. private equity firm Blackstone Group is buying a majority stake, will be renamed Refinitiv once the deal closes.

Activist investor John Paulson's hedge fund on Thursday nominated eight members to Detour Gold Corp's board and reiterated its call for a special shareholder meeting, ratcheting up pressure on the gold miner.

RBC raised the target price Cameco Corp. to $16.00 from $15.00

Barclays raised the price target on Husky Energy to $26.00 from $24.00

RBC raised the target price on Mullen Group to $18.00 from $16.00

ON BAYSTREET

The TSX Venture Exchange moved lower 2.2 points Thursday to 705.12

ON WALLSTREET

U.S. stock index futures ticked higher ahead of Friday's open, as investors awaited fresh gross domestic product (GDP) figures.
Futures for the Dow Jones Industrials advanced 10 points to 25,535.

S&P 500 futures were unchanged at 2,846.50, while futures for the NASDAQ composite picked up 3.25 points to 7,434.

This week has been jam-packed with earnings, and it doesn't show signs of letting up on Friday, with a whole host of businesses reporting prior to the opening bell.

Out of the slew due to report, AbbVie, Chevron, Colgate-Palmolive, Exxon Mobil, Merck, Phillips 66. Twitter reported earnings per share that matched expectations, but the stock fell as much as 18% as it also posted a decline in monthly active users.

Market watchers will also be keeping a close eye on the shares of companies who reported after the closing bell Thursday, which included the likes of Amazon, Intel, Starbucks and Chipotle Mexican Grill.

President Donald Trump stated during a speech at an Illinois-based steel facility yesterday, that he would have been satisfied with economic growth of about 4% or above.

Aside from the GDP data, consumer sentiment for July is due out at 10 a.m. ET.

Overseas, in Japan, the Nikkei 225 sprang up 0.6%, while in Hong Kong, the Hang Seng index inched up 0.1%.

Oil prices sank 18 cents to $69.43 U.S. a barrel.

Gold prices slid $7.40 to $1,218.30 U.S. an ounce.