The Toronto stock index began Friday higher, after growth data from China soothed worries of a drastic hit to the world's number-two economy, but was low enough to keep open the possibility of further stimulus.
The S&P/TSX Composite Index advanced 72.21 points to begin trading at 11,497.68
The Canadian dollar hiked one-third of a cent at 98.48 cents U.S.
The Bolivian government announced it is willing to compensate South American Silver Corp for revoking its concession on the Malku Khota project, but it will be far less than the $16 million the company says it has invested.
Other stocks to watch this morning include Tim Hortons Inc., which is pushing for more of Canada's lunch market, and its CEO sees the chain's share of the Canadian lunch trade overtaking McDonald's within about five years.
The TSX Venture Exchange took on 6.53 points to 1,175.52. The Nasdaq Canada index inched up 1.29 points to 342.69.
Of the 14 Toronto subgroups, only information technology avoided the party, and losing but 0.05% at that. Everyone else roared ahead, led by metals and mining, taking on 1.2%, with gold and materials each growing 1%.
U.S. stocks opened higher Friday, on track to snap a six-day losing streak, as JPMorgan reported stronger-than-expected second-quarter earnings despite a trading loss of $5.8 billion U.S.
Stocks also gained some traction as investors speculated that additional stimulus measures could be on the way in China, where economic growth slowed to a three-year low during the second quarter.
The Dow Jones Industrials zoomed 144.71 points, or 1.2%, to began Friday the 13th at 12,717.98
The S&P 500 added 15.66 points to 1,350.42. The Nasdaq Composite Index spiked 28.80 points to 2,894.99.
JPMorgan Chase rose 3% in early trading after the bank reported earnings and revenue that topped estimates. The bank's finance chief said that the loss from its chief investment office's errant trades has totaled $5.8 billion U.S. so far this year.
JPMorgan also revealed that traders involved in the loss could lose as much as two years of income and no longer work at the bank. Additionally, all of the managers involved with the trades have been "separated" from the bank, without any severance.
Other major U.S. banks also rose in early trading Friday. Shares of Bank of America Morgan Stanley and Goldman Sachs were all up more than 1%.
Wells Fargo posted earnings of 82 cents on $21.4 billion U.S. in revenue, on par with expectations. On Thursday, the Department of Justice announced the bank agreed to pay $175 million U.S. to settle allegations that it discriminated against minority borrowers.
Economically speaking, Washington reported prices in June rose by 0.1%, despite expectations that they would fall by more than half a percentage point. A report on consumer sentiment will follow later Friday morning.
The University of Michigan's Consumer Sentiment Index for July was also due Friday. It's expected to come in at 73.5, up from 73.2 last month.
The price on the benchmark 10-year U.S. Treasury faded, pushing the yield up to 1.50% from Thursday's 1.48%. Treasury prices and yields move in opposite directions.
Oil for August delivery gained 50 cents to $86.58 U.S. a barrel.
Gold futures for August delivery rose $14.10 to $1,580.50 U.S. an ounce.