TSX May Open Under Pressure on Lower Oil, But Positive Canada Jobs Data May Cap Losses
Toronto's main stock index may open lower on Friday as oil prices fall further, extending a 10% crash the previous day, although Canadian and U.S. jobs figures from April that came in stronger than expected may cap losses.
Stocks to watch:
Cameco Corp (CCO.TO) reported a 36% drop in first quarter profit on Friday, as uranium production and sales volumes fell.
GMP Capital Inc. (GMP.TO) turned around its first quarter results mostly due to higher revenue from investment banking and commissions.
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