March futures on the S&P/TSX were down 0.3% at 7 a.m. ET.
US crude oil prices were down 0.7% a barrel and Brent lost 0.9%, while gold futures fell 1.1% to $1,904.8 an ounce. [O/R]
Missiles pounded the Ukrainian capital on Friday as Russian forces continued their advance and Kiev authorities said they were preparing for an assault aimed at overthrowing the government.
Data on Canada’s fiscal balance for the month of December is due at 11 a.m. (ET).
The benchmark was on track to end the week with losses of over 1% as geopolitical tensions between Russia and Ukraine rattled markets during the week.
The Toronto Stock Exchange’s S&P/TSX composite index ended up 0.1% at 20,761.93 on Thursday, its first closing higher in six trading days. [.TO]
Dow e-minis were down 250 points, or 0.75%, as of 7 a.m. ET, while S&P 500 e-minis were down 34 points, or 0.79%, and e-minis of the Nasdaq 100, 79.5 points, or 0.57%. [.N]
TOP STORIES [TOP/CAN]
The Canadian Imperial Bank of Commerce beat analysts’ estimates for its quarterly results on Friday, as adjusted profit rose 14% from the same period a year earlier as the creditor saw its provisions shrink and revenue rise across the board. its units.
ANALYSTS’ RESEARCH HIGHLIGHTS [RCH/CA]
Bombardier: Scotiabank raises the rating of “sector outperform” “sector perform”.
Crombie REIT: Canaccord Genuity changes title from ‘hold’ to ‘buy’.
Loblaw Companies Ltd.: CIBC raises target price from C$116 to C$120.
COMMODITY MARKETS 7:00 a.m. (ET)
Gold futures: $1900.8; -1.32% [GOL/]
US Crude Oil: $92.17; -0.69% [O/R].
Brent oil: $98.12; -0.97% [O/R]
US ECONOMIC DATA FORECAST FOR FRIDAY
0830 Personal income mm for Jan: Expected -0.3%; Prior 0.3%.
0830 Actual Personal Consumption mm for Jan: Prior -1.0%.
0830 Consumption, adjust mm for Jan: Expected 1.5%; Anterior -0.6%.
0830 mm Core PCE Price Index for Jan: Expected 0.5%; Previous 0.5%.
0830 YOY Core PCE Price Index for Jan: Expected 5.1%; Previous 4.9%.
0830 PCE price index mm for Jan: Before 0.4%.
0830 Year-on-year PCE price index for Jan: prior 5.8%.
0830 Durable Goods for Jan: Expected 0.8%; anterior -0.7%.
0830 Durable goods excluding transportation for Jan: Expected 0.4%; Previous 0.6%.
0830 Non-defense durable goods mm for Jan: Expected 0.1%; Before 0.3%.
0830 Non-defense ex-air cap for Jan: expected 0.5%; anterior 0.3%.
1000 U Mich Final Sentiment for February: Expected 61.7; Previous 61.7
1000 U Mich Final conditions for fv: Before 68.5
1000 U Mich Final expectations for fv: Before 57.4
1000 U Mich Final 1-year inflation for fv: prior 5.0%
1000 U Mich Final 5-year inflation for fv: Prior 3.1%
1000 Housing Wait Index for Jan: Before 117.7
1000 Change in pending sales in mm for Jan: Expected 1.0%; anterior -3.8%.
1200 Dallas fed PCE for Jan: Forward 3.9%.
FOR NEWS FROM CANADIAN MARKETS, CLICK ON THE CODES:
TSX Market Report [.TO]
Report on the Canadian dollar and Canadian bonds [CAD/] [CA/].
Reuters Global Equity Survey for Canada
Canadian Markets Directory
($1= C$1.28)