Stocks Poised For Modest Weekly Gains — Canadian Commentary

By | October 15, 2016


(RTTNews.com) – Canadian stocks look to end a somewhat positive week on a high note Friday, with strength emerging in the energy sector since a deal between OPEC and Russia stabilized oil prices.

The S&P/TSX Composite Index was up 24.74 points, or 0.17 percent, to 14,643.71.

WTI crude oil was up 50 cents at $ 50.93 a barrel, near its highest since June.

Bombardier (BBD.B.TO) says Philippine Airlines plans to buy up to a dozen Q400 aircraft.

Nautilus Minerals Inc. (NUS.TO) has appointed Stuart MacKenzie
as Company Secretary and Legal Counsel, and Glenn Withers
as Acting Chief Financial Officer.

Royal Bank of Canada (RY.TO) was upgraded to buy from hold at Canaccord Genuity.

Markets will assess a flurry of U.S. economic news this morning.

The Commerce Department said retail sales climbed by 0.6 percent in September after edging down by a revised 0.2 percent in August.

Meanwhile, U.S. producer prices increased by slightly more than expected in the month of September.

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