TSX futures hovered near the flatline Friday, with the S&P/TSX composite index sitting just below its all-time peak. Commodity prices provided a floor for the resource-heavy benchmark, while materials stocks climbed 2.2%. U.S. futures slipped, capping a volatile week marked by geopolitical headlines and corporate disappointments.

The market found temporary relief after President Trump announced a framework trade deal over Greenland, withdrawing tariff threats against European powers. This reversal eased global trade tensions that had previously rattled investors. However, Trump's subsequent warning about a U.S. fleet heading toward Iran reintroduced geopolitical risk, sending gold to a record high above $4,900 per ounce.

Corporate news weighed on sentiment, with Intel slumping after a fourth-quarter loss and a dour outlook. The chipmaker cited supply shortages for data center chips, an industry-wide problem expected to persist into 2026. Attention now turns to next week's Federal Reserve meeting and a slate of major tech earnings from Apple, Microsoft, Amazon, and Tesla.