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Bay Street Likely To Open On Cautious Note

Canadian shares are likely to exhibit a mixed trend amid cautious moves Friday morning. Data showing a jump in China's trade surplus against the U.S. is likely to aid sentiment.

However, lingering concerns over U.S.-China trade dispute may weigh on stocks and limit market's upside.

On Thursday, the benchmark S&P/TSX Composite Index ended down 35.39 points, or 0.21%, at 16,527.90. The index touched a low of 16,525.07 and a high of 16,568.07 in the session.

In company news, CannTrust Holdings (TRST.TO) announced that it is putting on hold sale and shipment of all cannabis products after Health Canada said inspections revealed the existence of several illegal grow rooms at an Ontario facility.

MTY Food Group Inc. (MTY.TO) reported second-quarter net income of $19.3 million, or $0.76 per share, compared to $16.2 million, or $0.64 per share in the year-ago quarter.

Asian markets ended mostly higher on Friday despite fresh concerns over U.S.-China trade tensions after U.S. President Donald Trump accused China of backsliding on its promises to increase purchases of American farm products.

European markets were edging higher, lifted by encouraging trade data from China and a report showing a faster than expected pace of industrial production growth in Eurozone.

In commodities, crude oil futures for August were up marginally at $60.27 a barrel.

Gold futures for August were gaining $3.00, or 0.23%, at $1,409.70 an ounce.

Silver futures for September were up $0.014, or 0.1%, at $15.160 an ounce, while Copper futures for September were moving up $0.0115, or 0.43%, at $2.6990 per pound.

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