India, April 26 -- Higher U.S. and Canadian futures, and firm commodity prices point to a positive opening for stocks on Bay Street Friday morning.
The focus will be on the core Personal Consumption Expenditures (PCE) Price Index reading, the U.S. Federal Reserve's preferred inflation measure, due at 8:30 AM ET.
On the Canadian economic front, a report from the Canadian Federation of Independent Business said its business barometer in Canada, an index reflecting 12-month forward expectations for business performance in the country, dropped to 47.5 in April, from an upwardly revised 52.9 in the prior month.
In earnings news, Imperial Oil Limited (IMO.TO) reported first-quarter net income of $1,195 million, compared to net income of $1,248...