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Canadian Shares May Open On Mixed Note

The Canadian stock market is likely to swing between gains and losses in early trades on Friday, with investors reacting to a batch of economic data, including a report on GDP, due ahead of the opening bell.

With the focus on the upcoming G20 Summit and the OPEC and non-OPEC members meet, investors are likely to tread cautiously and largely refrain from making significant moves. The Trump-Xi meeting on the sidelines of the G20 summit is eagerly awaited as it is expected to provide leads about where the U.S.-China trade disputes are headed.

Energy stocks may see a tough ride due to lower crude oil prices.

The GDP data for September will be out at 8:30 AM ET.

Data on industrial product price for September and raw materials price index fof September are also due at 8:30 AM ET.

On Thursday, the benchmark S&P/TSX Composite Index ended up 22.79 points, or 0.15%, at 15,194.04, after scaling a low of 15,138.94 and a high of 15,251.18 intraday.

In company news, BRP Inc.(BRP.TO) reported a 13% jump in third quarter revenue at $1.39 billion, slightly above analyst estimates, as the company benefited from strong demand and favourable currency exchange rates.

Asian markets ended mixed on Friday with investors reacting to the minutes from the Federal Reserve's November meeting, and also looking ahead to the upcoming Trump-Xi meeting on the sidelines of the G20 Summit in Argentina.

European markets were drifting lower as investors looked ahead to the G20 and the Trump-Xi meeting for fresh signals on international trade.

In economic news from Europe, German retail sales grew 5% year-on-year in October following a revised 2.8% slump in September, preliminary data from the Federal Statistical Office revealed. Economists had expected a gain of 1.4%.

French consumer price index rose 1.9% year-on-year in November following a 2.2% increase in October, official data showed. Economists had expected 2% inflation.

U.K. house price inflation rose 1.9% year-on-year in November following a 1.6% increase in October, data from the Nationwide Building Society showed. In August and September, price growth was 2%.

In commodities, crude oil futures for January were down $0.71, or 1.4%, at $50.74 a barrel.

Natural gas futures for January were declining $0.089, or about 2%, at $4.557 per million btu.

Gold futures for February were down $2.80, or 0.23%, at $1,227.60 an ounce.

Silver futures for March were down $0.082, or 0.57%, at $14.320 an ounce.

Copper futures for March were declining $0.003, or 0.13%, at $2.786 per pound.

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