Futures for Canada's main stock index edged up on Monday, supported by gains in energy stocks.
The S&P/TSX Composite Index improved 65.97 points to close Friday and the week at 15,470.10
The Canadian dollar faded 0.08 cents to 76.37 cents U.S. early Monday
December futures inched up 0.01% Monday
Bombardier has sued the aircraft unit of Japan's Mitsubishi Heavy Industries, saying former Bombardier employees passed on trade secrets to help Mitsubishi's oft-delayed regional jet project.
Nutrien, whose attempt to sell its stake in Chilean lithium miner SQM to China's Tianqi has been stalled by a disagreement about competitive risks, vowed to "protect its interests" in an interview with a Chilean newspaper published on Sunday.
CIBC raised the price target on Constellation Software to $1,350 from $1,300
CIBC raised the rating on Corus Entertainment to outperform from neutral
CIBC raised the rating on Stantec Inc. to outperform from neutral
On the economic calendar, Statistics Canada said wholesale sales edged down 0.1% to $63.6 billion in August. Sales were down in four of seven subsectors, representing 65% of total wholesale sales.
ON BAYSTREET
The TSX Venture Exchange let go of 8.3 points Friday to 682.16
ON WALLSTREET
U.S. stock futures rose on Monday following a massive rally in Chinese equities.
Futures for the Dow Jones Industrials leaped 132 points, or 0.5%, to 25,560,
S&P 500 futures gained 13.5 points, or 0.5%, to 2,781, while futures for the NASDAQ composite took on 65.25 points, or 0.9%, to 7,171.75
Shares of Jacobs Engineering, Caterpillar and Advanced Micro Devices all rose at least 1.4% in the pre-market. These companies have significant exposure to the Chinese market, so they benefit from strong economic growth there.
In China, the Shanghai Composite rose more than 4% to notch its best day since March 2, 2016. The sharp move higher comes after Chinese authorities pledged to support China's economy and offset the negative impact of U.S. tariffs.
Investors also pored through a slew of corporate earnings on Monday.
Halliburton and off-road vehicle maker Polaris Industries both reported better-than-expected earnings before the bell Monday. Shares of Halliburton moved higher 0.7%, and Polaris gained 3.5% in the pre-market
Several other companies are scheduled to report earnings this week, including Dow members 3M, McDonald's, Caterpillar and United Technologies. Amazon and Alphabet are also set to report this week.
The current earnings season is off to a good start thus far. According to data from FactSet, 81.8% of the S&P 500 companies that have posted earnings have topped expectations.
Overseas, in Japan, the Nikkei 225 gained 0.4% Monday, while in Hong Kong, the Hang Seng index triumphed 2.3%.
Oil prices inched up two cents to $69.14 U.S. a barrel.
Gold prices dipped $2.40 to $1,226.30 U.S. an ounce.
