Stock futures pointed to a higher opening for markets in Toronto on Monday as oil prices edged up after sharp declines due to rising production.
The S&P/TSX Composite Index acquired 32.12 points to end Friday at 15,192.54. September futures were up 0.2% early Monday.
The Canadian dollar doffed 0.07 cents to 75.62 cents U.S. early Monday.
Valeant Pharmaceuticals International Inc said it appointed hedge fund manager and billionaire investor John Paulson to its board.
Canaccord Genuity cut the target price on Prometic Life Sciences to $4.50 from $4.75
ON BAYSTREET
The TSX Venture Exchange gained 4.29 points Thursday to 775.91
ON WALLSTREET
U.S. stock index futures pointed to a strong higher open on Monday, as investors awaited remarks from leading Federal Reserve officials, while keeping a close eye on news coming out of the political sphere.
Ahead of the opening bell, futures for the Dow Jones Industrials spiked 76 points, or 0.4%, to 21,409. Futures for the S&P 500 climbed 7.75 points, or 0.3%, to 2,438.75. NASDAQ futures popped 43.75 points, or 0.8%, to 5,727.75.
With little economic data due out on Monday, market-watchers will be on the lookout for any key statements made by two Fed presidents, just days after the central bank decided to raise rates for the second time this year.
In the morning, New York Fed President William Dudley is set to meet with local business leaders at a round table breakfast meeting in Plattsburgh, while Chicago Fed President Charles Evans will be at the Money Marketeers of New York University on Monday evening, where he is expected to talk about current economic conditions and monetary policy.
Elsewhere, U.K. Brexit Secretary David Davis will be in Brussels on Monday, where he is expected to help set out a structure for the negotiations going forward, when it comes to the U.K. exiting the European Union.
The Brexit talks come less than two weeks after Prime Minister Theresa May and her Conservative Party lost their parliamentary majority, and put the future of British politics into greater doubt. Consequently, traders will be paying close attention to sterling during Monday's trade, as it reacts to news out of Brussels.
European markets strengthened greatly as of noon on the continent, while, in Asia, the Nikkei 225 in Japan closed 0.6% higher, while Shanghai’s CSI 300 vaulted 1%
Oil prices improved 13 cents to $44.87 U.S. per barrel.
Gold prices added $4.40 to $1,252.10 U.S. an ounce.
