Stock futures pointed to a higher opening for Canada's main stock index on Monday, as oil prices rose after a week of steep losses.
The S&P/TSX Composite Index decreased 31.08 points, to end the week at 15,034.53. The index has lost nearly 1,200 points since the year began.
The Canadian dollar inched up 0.07 cents to 79.51 cents U.S. Monday morning.
March futures leaped 0.7% Monday.
Alberta ramped up its fight with British Columbia over a crude oil pipeline expansion on Friday, announcing a task force to prepare new retaliatory measures in the trade battle.
Restaurant Brands International's profit topped analysts' forecasts in the fourth quarter as it lured more diners to its Burger King restaurants through new snacks and affordable burgers.
RBC raised the target price on Constellation Software to $900.00 from $850.00
RBC raised the target price on Interfor to $28.00 from $26.00
ON BAYSTREET
The TSX Venture Exchange dipped 5.8 points Friday to 813.39
ON WALLSTREET
U.S. stock index futures rose sharply ahead of Monday's open, building upon the gains seen in the previous U.S. trading session, and from markets overseas.
Futures for the Dow Jones Industrials hiked 301.1 points, or 1.3%, to 24,458
S&P 500 futures jumped 30.8 points, or 1.2%, to 2,648.50, while futures on the NASDAQ Composite popped 72.07 points, or 1.1%, at 6,486.50
Earnings are expected Monday out of Loews Corporation and Dun & Bradstreet
The movements seen in U.S. futures come on the back of a strong finish seen last Friday, and solid trading sessions seen in both Europe and Asia on Monday.
In the previous session, the Dow Jones industrial average bounced back, rising over 300 points by Friday's close.
While this was seen as positive for investors, last week still saw the Dow and S&P 500 end the week down some 5.2% each — their worst performance since January 2016. Investors have been on edge as of late over concerns surrounding higher interest rates, therefore moves in the bond market will continue to be of key importance going forward.
On the data front, the U.S. monthly Treasury statement is due out at 2 p.m. ET.
Investors will also be awaiting news coming out of the U.S., where President Donald Trump is expected to unveil a $200-billion infrastructure plan. The plan is set to face criticism from Democrats in Congress, who argue that it doesn't offer as much funding as desired
Overseas, in Hong Kong, the Hang Seng Index lost 0.2%. Japanese markets were closed for public holidays.
Oil prices gained $1.18 to $60.38 U.S. per barrel.
Gold prices spiked $5.90 to $1,321.60 U.S. an ounce.
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