Futures tracking the S&P/TSX Composite Index slipped on Friday, following a fresh record high for the benchmark in the previous session, as investors turned cautious ahead of Canada’s GDP release and in response to losses on Wall Street. Oil prices climbed on persistent supply concerns, despite an extension of US-Iran nuclear talks, bolstering energy stocks. Gold prices also advanced, providing support to mining shares.
In corporate news, Bombardier CEO Eric Martel said Thursday that India’s efforts to modernize its aviation infrastructure could create long-term opportunities to increase the company’s business jet sales. Meanwhile, Fairfax has emerged as the leading contender to acquire a majority stake in Indian lender IDBI Bank.
