Futures Static Monday

Stock markets in Toronto were little changed on Monday as investors remained cautious amid rising global geopolitical tensions.

The S&P/TSX Composite Index fell 30.05 points to close Friday and the week at 15,667.13. June futures receded 0.03% on Monday

The Canadian dollar grew 0.25 cents at 74.77 cents U.S. early Monday.

Shares of Barrick Gold could rise 30% in the next year as the gold-mining company, which began restructuring three years ago, develops new projects and increases production, according to the April 10 edition of Barron's.

China's state-owned clearing house said on Saturday that it will work with TMX Group to expedite cross-border investments, in Beijing's latest push to attract foreign investment into the country's $9-trillion bond market,

Wells Fargo started coverage on Canada Goose Holdings with outperform rating

BMO cut the target price on Hudson's Bay Co. to $31.00 from $35.00

U.S. military strikes against Syria last week over its alleged use of chemical weapons are a warning to other nations, including North Korea, that "a response is likely" if they pose a danger, U.S. Secretary of State Rex Tillerson said on Sunday.

On the economic slate, Canada Mortgage and Housing Corporation reported that housing starts rose to 253,720 units in March, topping economists' forecasts for 215,000. February was revised slightly higher to 214,253 units.

ON BAYSTREET

The TSX Venture Exchange added 2.42 points Friday to 824.27

ON WALLSTREET

U.S. stock index futures pointed to a flat open on Monday as increased geopolitical risks continued to dominate headlines, prompting investors to head for safe-haven assets.

Ahead of the opening bell, futures for the Dow Jones Industrials gained nine points to 20,608. Futures for the S&P 500 gained 2.25 points, or 0.1%, to 2,354.50. NASDAQ futures picked up 3.25 points, or 0.1%, to 5,424.50

Investors will be keenly watching events in Italy on Monday, where G7 foreign ministers will begin a two-day meeting. U.S. Secretary of State Rex Tillerson may provide more clarity on an array of international issues, including the latest developments in Syria, following the U.S.'s decision to fire cruise missiles at a Syrian airfield late Thursday.

Elsewhere, the calendar on Monday is light, with no planned data or earnings announcements.

European stocks fell slightly by midday on the continent, while in Asia, the Nikkei 225 gathered 0.7%, and the CSI 300 in Shanghai dipped 0.3%.

Oil prices hiked 64 cents to $52.88 U.S. per barrel.

Gold prices stepped backward $5.70 to $1,251.60 U.S. an ounce.


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