Futures for Canada's commodity-heavy main stock index inched higher on Monday on the back of firmer gold prices, with trading volumes expected to be subdued due to a U.S. holiday.
The S&P/TSX Composite regained 64.6 points to close Friday at 21,357.56, boasting gains for the week of 273 points, or 1.3%.
The Canadian dollar eked up 0.06 cents to 79.78 cents U.S.
March futures inched up 0.1% Friday.
National Bank cut the target price on IAMGOLD to $4.50 from $4.75
On the economic front, Statistics Canada reported foreign investors acquired $30.1 billion of Canadian securities in November, the largest investment since April 2020. At the same time, Canadian investors increased their holdings of foreign securities by $17.5 billion, led by purchases of U.S. shares.
The agency also said manufacturing sales rose 2.6% in November, mainly on higher sales of primary metal, petroleum and coal product, and non-metallic mineral product industries.
Overseas, in Japan, the Nikkei 225 regained 0.7%, while the Hang Seng in Hong Kong declined 0.7%.
Oil prices were stationery at $82.12 U.S. a barrel.
Gold prices acquired $2.10 to $1,823.50 U.S. an ounce.
ON BAYSTREET
The TSX Venture Exchange sank 4.23 points Friday to 902.81. On the week, the decrease totalled 8.7 points, or 0.95%.
ON WALLSTREET
Markets south of the border are closed for Martin Luther King Day.
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