Futures for equities in Canada’s largest centre surged on Monday on the back of firmer crude and gold prices, with trading volumes expected to be subdued due to a U.S. market holiday.
The S&P/TSX hiked 216.4 points, or 1.1%, to close Friday and a shortened week at 20,748.58.
The index advanced more than 550 points, or 2.73% on the week.
June futures were better by 0.4% Monday
The Canadian dollar advanced 0.22 cents to 78.80 cents U.S.
Scotiabank raised the target price on Altagas to $34.00 from $33.00
RBC cut the target price on Canadian Western Bank to $38.00 from $44.00
CIBC raised the target price on National Bank to $102.00 from $100.00
In Japan, the Nikkei 225 zoomed 2.2% Monday. In Hong Kong, the Hang Seng popped 2.1%.
Oil prices retreated 61 cents to $113.48 U.S. a barrel.
Gold prices acquired $8.10 to $1,862 U.S. an ounce.
ON BAYSTREET
The TSX Venture Exchange picked up 9.53 points, or 1.3%, Friday to 724.19, for a jump of 22 points, or 3.1%, over the last four sessions.
ON WALLSTREET
U.S. markets are shuttered Monday for Memorial Day.
