Canadian stock futures pointed to a lower opening on Monday as oil prices fell further, adding to heavy losses at the end of last week.
The S&P/TSX Composite Index finished Friday down 50.84 points – finding their way off lows of more than seven months -- to 15,027.16
September futures skidded 0.08% early Monday.
The Canadian dollar faded 0.2 cents to 77.4 cents early Monday
National Bank of Canada upped the rating on Liquor Stores NA to outperform from sector perform
CIBC cut the rating on Ritchie Bros. Auctioneers to neutral from outperform
CIBC then raised the rating on SNC-Lavalin Group to outperform from neutral
ON BAYSTREET
The TSX Venture Exchange dropped 4.61 points to close the week at 755.22
ON WALLSTREET
U.S. stock index futures pointed to a higher open on Monday morning as traders awaited the release of economic data and eyed earnings.
Ahead of the opening bell, futures for the Dow Jones Industrials squirreled six points to 21,364. Futures for the S&P 500 inched up 1.5 points, or 0.1%, to 2,424. NASDAQ futures hiked 17.75 points, or 0.3%, to 5,673.50
On the earnings front, Helen of Troy reported better-than-expected results. Barracuda Networks and WD-40 are both due to report after the market close.
Monday will see consumer credit data for May released at around 3 p.m. ET.
European markets slowly gained strength early Monday afternoon, while Japan’s Nikkei 225 gained 0.8% and Shanghai’s CSI 300 dipped 0.1%.
Oil prices dropped 48 cents to $43.75 U.S. per barrel.
Gold prices fell 70 cents to $1,209.00 U.S. an ounce.
