- Futures for Canada's main stock index advanced on Friday, with stocks continuing to rise after notching record highs in the previous session, while investors await for more economic data to gauge the health of the Canadian economy.The benchmark index logged record highs on Thursday, helped by gains from heavily weighted financial shares, as investors cheered recent signs that inflation is cooling and the economy is avoiding a recession.
Gold prices also slipped due to a stronger dollar, but were set for a weekly gain as the U.S Federal Reserve's decision to retain its interest rate-cut projection for 2024 bolstered bullion's appeal. Across the border, Wall Street futures also ticked higher as investors cheered the Fed sticking to its rate-easing stance.