Stock futures pointed to a lower opening for Canada's main stock index, tracking movement in U.S. stock index futures, ahead of the first U.S. presidential debate
The S&P/TSX Composite dropped 99.25 to close Friday and the week at 14,697.93. Even so, the index enjoyed a 1.7% increase on the week.
The Canadian dollar eked higher 0.08 cents at 76.02 cents U.S. early Monday.
Barclays raised the price target on Paramount Resources to $16.00 from $14.00 saying that after the company sold its core Montney assets, it has addressed concerns around its balance sheet and inability to adequately capitalize its assets.
Longbow cut the rating on Restaurant Brands to underperform to reflect a slowdown in the company’s net unit count in the last two years.
Vecima Networks reports fourth-quarter earnings, projecting 15 cents per share
ON BAYSTREET
The TSX Venture Exchange gained 0.34 points Friday at 810.89, enjoying a 1.5% gain on the week.
ON WALL STREET
U.S. stock futures are all pushing down amid a generally negative mood in the markets ahead of Monday night’s presidential debates between Hillary Clinton and Donald Trump.
Ahead of the opening bell, futures for the Dow Jones Industrials capsized 90 points, or 0.5%, to 18,100, while futures for the S&P 500 gave back 9.6 points, or 0.4%, at 2,148.50. NASDAQ futures slid 26.25 points, or 0.5%, at 4,830.25
Carnival and Vail Resorts are the two main companies reporting earnings ahead of the open.
Polls show it is close between the two hopefuls for the White House. The outcome of the debate could decide who leads the country for the next four years.
Nations of the Organization of the Petroleum Exporting Countries and other global oil producers will be huddling at a meeting in Algeria this week. They're considering an agreement to restrain production in an effort to support oil prices.
Few analysts expect a deal would solve the global oil glut because OPEC producers are pumping record amounts.
Many European markets are dropping by about 1.5% in early trading. And Asian markets closed out the day with losses.
Germany's Deutsche Bank is falling by nearly 7% to a 20-year low. A German magazine reported over the weekend that the German government won't get involved in a dispute between the bank and the U.S. Justice Department, which is demanding $14 billion U.S. over allegations Deutsche packaged up toxic mortgages between 2005 and 2007.
Oil prices gained 64 cents to $45.12 U.S. a barrel
Gold prices increased $1.10 to $1,342.80 U.S. an ounce.
