Markets in Canada’s largest market were set for a higher start on Monday as oil prices rose for the third straight session, retreating from a seven-month low hit last week.
The S&P/TSX Composite Index leaped 99.66 points to finish Friday and the week at 15,319.56. September futures gained 0.2% early Monday.
The Canadian dollar was virtually unchanged at 75.55 cents U.S. early Monday.
National Bank of Canada raised the rating on Equitable Group to sector perform from underperform
TD Securities raised the rating on Northland Power to action list buy from buy
Canaccord Genuity adds TSO3 Inc. to focus list pick
ON BAYSTREET
The TSX Venture Exchange progressed 6.18 points Friday to 777.25
ON WALLSTREET
U.S. stock index futures pointed to a higher open on Monday, as investors watched a progression in oil prices carefully, while looking ahead to key data releases.
Ahead of the opening bell, futures for the Dow Jones Industrials added 74 points, or 0.4%, to 21,413. Futures for the S&P 500 gained seven points, or 0.3%, to 2,442. NASDAQ futures progressed 29.25 points, or 0.5%, to 5,841.50
On a day sparse in earnings news, Schnitzer Steel Industries Inc. is set to report this morning.
Monday is set to bring two batches of data during trade: durable goods and the Dallas Fed manufacturing survey, due out this morning.
European markets were trading higher as of noon on the continent, while, in Asia, the Nikkei 225 in Japan eked higher 0.1%, while Shanghai’s CSI 300 jumped 1.3%
Oil prices acquired 13 cents to $43.14 U.S. per barrel.
Gold prices faded $16.40 to $1,240.00 U.S. an ounce.
