Futures for Canada's main stock index were lower on Monday amid renewed concerns over a trade war after China imposed additional tariffs on U.S. products.
The S&P/TSX Composite Index vaulted 197.35 points, or 1.3%, to close the week and March at 15,367.29
The Canadian dollar gained 0.1 cents to 77.68 cents U.S. early Monday
June futures were down 0.3% Monday.
Markets throughout North America were closed for Good Friday
Printer Transcontinental Inc said it would buy U.S.-based plastics packager Coveris Americas for $1.32 billion.
Goldcorp made the first gold deposit on Tradewind Markets' new digitized trading platform, the companies said on Thursday, with 3,000 ounces of bullion from its Red Lake mine complex in Ontario.
Toronto Dominion Bank Chief Executive Bharat Masrani said on Thursday the bank's commercial clients were nervous about the outcome of talks to update the North American Free Trade Agreement.
Eight Capital raised the price target on Hudbay Minerals to $16.00 from $15.50
TD Securities cut the price target on Prometic Life Sciences to $2.00 from $3.50
CIBC cut the price target on Tidewater Midstream and Infrastructure to $2.35 from $2.45
China has slapped extra tariffs of up to 25% on 128 U.S. products including frozen pork, as well as wine and certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel.
In the economic docket, IHS Markit Canada puts out its Manufacturing Purchasing Managers’ Index for March Monday (9:30 a.m. ET). This index, a measure of manufacturing business conditions, declined to a seasonally-adjusted 55.6 in February from 55.9 in January
ON BAYSTREET
The TSX Venture Exchange gained 12.45 points, or 1.6%, Thursday to 796.67
ON WALLSTREET
U.S. stock index futures posted losses ahead of Monday's open, as investors reacted to new tariffs from China and looked ahead to fresh economic data.
Futures for the Dow Jones Industrial Average fell 124 points, or 0.5%, to 24,023, indicating a 70-point decline at the open
S&P 500 futures settled 10.5 points, or 0.4%, to 2,632.50, while futures on the NASDAQ Composite tumbled 48.25 points, or 0.7%, to 6,545.75
Cal-Maine Foods is due to report new figures before the bell, while Switch will be out with new earnings after the closing bell.
An ongoing trade spat between the U.S. and China continued to develop, with China announcing overnight that it was implementing tariffs on 128 types of U.S. imports starting Monday.
That matched the list of products proposed by Beijing in March and comes as a direct response to President Donald Trump signing off on tariffs on imported steel and aluminum last month. China said in March that those goods had an import value of $3 billion in 2017.
Back in the U.S., a March manufacturing Purchasing Managers Index is due to be released at 9:45 a.m. ET, while a March Institute for Supply Management manufacturing index and a February construction spending index are both set to be released at 10 a.m. ET.
Meanwhile, in Japan, the Nikkei 225 dipped 0.3%, while markets in Hong Kong were shuttered for holiday.
Oil prices gained 27 cents to $65.21 U.S. per barrel.
Gold prices gained $9.90 to $1,337.20 U.S. an ounce.
