(Reuters) – Futures for Canada’s major stock index dropped on Friday due to falling commodity prices and Russia’s invasion of Ukraine keeping investors at a heightened risk.

March futures on the S&P/TSX index were down 0.3% at 7:00 a.m. ET.

Prices fell 0.7% per barrel, and 0.9% respectively, as well as falling 1.1% to $1904.8/ounce. [O/R]

On Friday, missiles pummeled the capital of Ukraine as Russian forces advanced and Kyiv authorities said that they were planning for an attack to overthrow the government.

The December budget balance data of Canada are due by 11:00 am. ET.

Due to geopolitical tensions between Russia, Ukraine and other countries that have shaken markets throughout the week, the benchmark index would see losses exceeding 1% by the end of the week.

The Toronto Stock Exchange’s S&P/TSX composite index ended 0.1% higher at 20,761.93 on Thursday, its first higher close in six trading days. ()

At 7:00 AM, they were down 250 points or 0.75%. ET fell 34 points (or 0.79%) and was down 79.5 points (or 0.57%). [.N]

TOP STORIES [TOP/CAN]

Canadian Imperial Bank of Commerce beat analysts’ estimates of quarterly earnings Friday. The adjusted profit increased 14% over a one-year period due to lower provisions, higher revenue and a greater range of units.

HIGHLIGHTS ON ANALYST REsearch [RCH/CA]

Bombardier (OTC): Scotiabank raises funds to “sector exceed” and “sector perform”.

Canaccord Genuity and Crombie REIT raise funds to buy from “hold”.

Loblaw Companies Ltd. CIBC lifts the target price to C$120, from C$116

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1900.8; +1.32% [GOL/]

US crude oil $92.17; US crude oil -0.69% [O/R]

Brent crude oil: $98.12, -0.97% [O/R]

U.S. ECONOMIC DATA DUE TO BE POSTED ON FRIDAY

0830 Personal income for January: Expected 0.3%

0830 Personal consumption real mm Jan: Prior 1.0%

0830 Consumption, Jan adjusted mm: Expected 1.5%. Prior -0.6%

0830 Core PCE Price Index mm Jan: Expected 0.5%, Prior 0.5%

0830 Core PCE Price Index yy Jan: Expected 5,1%, Prior 4.9%

0830 PCE Price Index mm Jan: Prior 0.4%

0830 PCE Price Index yy Jan: Prior to 5.8%

0830 Jan Durable Goods: 0.8% Expected; Prior -0.7%

0830 Durables Ex-transport Jan: Prevailed 0.4%, Prior 0.6%

0830 Durables Ex-Defense mm Jan: Prior 0.3%; Expected 0.1%

0830 Jan Nondefense cap ex-air: Estimated 0.5%, Prior 0.3%

1000 U Mich Sentiment for February: Predicted 61.7, Prior 61.7

1200 U Mich Conditions Feb.

2000 U Mich Expectations for February: Prior to 57.4

1,000 U Mich Inflation Final Feb: Before 5.0%

1,000 U Mich 5 year inflation last for February: Prior 3.1%

1000 Pending Homes Index January: Prior 117.7

1000 Pending Sales Change mm Jan: 1.0% Expected; Prior -3.8%

1.200 Dallas Fed PCE Jan: Previous 3.9%

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($1= C$1.28)