Strength in the energy and technology sectors helped Canada's main stock index climb higher in late-morning trading, while U.S. stock markets were mixed.

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OpenText reported revenues for the most recent quarter were up 2.4 per cent year over year, with cloud revenues rising 12 per cent.

U.S. stocks turned lower in afternoon trading, paring weekly gains for major indexes spurred by speculation the American economy is on firm footing and the Federal Reserve is close to the end of its tightening cycle.

​Starbucks reported profit and comparable sales that trailed Wall Street's expectations as weakness in China weighed on results, sending shares down in late trading. Executives reaffirmed confidence in the country and predicted a recovery there this year.

Oil headed for a second weekly decline as dimming optimism over a recovery in Chinese demand and rising U.S. stockpiles offered the latest indications that the market remains soft.

Amazon.com projected lackluster revenue in the current quarter, worrying investors that the company’s main e-commerce business has stalled and sales growth has slowed in the cloud computing division.

Google parent Alphabet reported fourth-quarter results that narrowly missed analysts’ expectations, signaling lower demand for its search advertising during a slowing economy.