The Toronto Stock Exchange climbed higher and the Canadian dollar fell Friday as Statistics Canada reported that consumer prices rose last month at the slowest rate in more than three years.
The S&P/TSX composite index opened higher by 15.25 points to 12,522.85.
The loonie fell more than 1.06 cents to 97.06 cents US after the federal agency said Canada’s annual inflation rate dipped six-tenths of a point to 0.4 per cent.
Statistics Canada said there was also an outward decline month-to-month, with prices dropping 0.4 per cent from March, largely due to falling gasoline prices.
The Dow Jones industrial futures was ahead by 50.93 points to 15,284.15, the S&P 500 futures index jumped 7.30 points to 1,657.77, while the Nasdaq futures climbed 16.38 points to 3,481.62.
Meanwhile, gold prices continued to pull back. June gold bullion dropped $13.60 to US$1,373.30 an ounce, down nearly five per cent this week. On Wednesday, it had closed under $1,400 an ounce for the first time in a month.
The June crude contract was up 71 cents to US$95.87 a barrel and July copper climbed three cents to US$3.32 a pound.