Canadian equity markets appeared set to open lower on Friday as renewed weakness in the global technology sector and a sharp decline in crude prices weighed on sentiment. S&P/TSX 60 Futures fell 0.33% to C$2,053.7 ahead of the opening bell, following a positive Thursday session where the benchmark S&P/TSX Composite gained 114.12 points to finish at 34,850.21. U.S. stock index futures also slumped, with Nasdaq 100 Futures sliding 1.46% after a report indicated OpenAI could delay its public market debut to 2027. Oil prices fell more than 3%, with Crude Oil WTI Futures tumbling 3.34% to $69.52 per barrel and Brent Oil Futures shedding 3.36% to $72.96 per barrel, as improving maritime traffic through the Strait of Hormuz and optimism over a potential U.S.-Iran peace agreement eased supply risks. Gold prices steadied, with Gold Futures up 0.43% to $4,065.15 per ounce, after three consecutive weekly declines driven by a resurgent U.S. dollar and expectations of further Federal Reserve interest-rate hikes.
Apple Inc.Renewed weakness in global tech sector, with Nasdaq 100 Futures sliding 1.46% after report OpenAI may delay IPO to 2027.
Colgate-Palmolive Company