Futures pointed to a lower opening for Canada's main stock index on Monday as markets remained nervous ahead of a U.S. central bank meeting later this week.
The S&P/TSX Composite Index climbed 40.71 points to close Friday and the week at 15,711.33
The Canadian dollar gained 0.16 cents to 76.53 cents U.S. early Monday
June futures were down 0.1% Friday.
Caisse de depot et placement du Quebec, one of Canada's biggest public pension funds, has relied on private equity firms to invest in leveraged corporate buyouts. Now it is building its own investing team to depend less on buyout firms as middle men.
Cenovus Energy Inc is seeking a partner to fund $1.3 billion in costs to build the supporting infrastructure at its Narrows Lake oil sands project in Alberta, two people familiar with the matter said on Friday.
RBC raised the rating on AutoCanada Inc. to outperform from sector perform
CIBC cut the price target on Enbridge to $60.00 from $63.00
CIBC cut the price target on TransCanada Corp. to $76.00 from $77.00
ON BAYSTREET
The TSX Venture Exchange gained 5.59 points Friday o 828.34
ON WALLSTREET
U.S. stock index futures posted sharp drops ahead of Monday's open, as losses from markets overseas weighed on sentiment.
Futures for the Dow Jones Industrial Average sank 118 points, or 0.5%, to 24,847
S&P 500 futures dropped 12 points, or 0.4%, to 2,744 while futures on the NASDAQ Composite hurtled lower 78 points, or 1.1%, to 6,966.
The quarterly financial report is due out at 10 a.m. ET, while in corporate earnings, Cheetah Mobile and Oracle are due to report.
Stocks in Europe posted losses during their Monday trading sessions, with concerns of a possible trade war.
In all, 45 U.S. trade associations — which represent some of the biggest firms in the country — have urged President Donald Trump not to inflict tariffs on China, stating in a letter that this would likely be "particularly harmful" to both U.S. consumers and the economy.
Earlier this month, Trump had tweeted that he'd asked China for a plan to cut down the trade deficit between the U.S. and China by $1 billion dollars.
In Japan, the Nikkei 225 faded 0.9%, while in Hong Kong, the Hang Seng Index gained more than 11 points.
Oil prices dipped three cents to $62.31 U.S. per barrel.
Gold prices sifted off 80 cents to $1,311.50 U.S. an ounce.
