Futures for Canada's main stock index retreated on Monday from the benchmark index's record high in the previous session weighed by weakness in gold prices, while sentiment was further dented by dour economic data from China.
The TSX Composite gained 102 points to close Friday at 20,928.10, a gain on the week of 511 points, or 2.5%.
The Canadian dollar retreated 0.19 cents to 80.92 cents U.S.
December futures fell 0.2% Monday.
PetroTal is hopeful to meet its plans to almost double crude production in Peru this year, despite protests by indigenous groups hitting a key pipeline in the country, the firm's general manager said on Friday.
Canaccord Genuity cuts the rating on Antibe Therapeutics to hold from speculative buy.
Credit Suisse raised the target on Canadian Natural Resources to $59.00 from $53.00
Canaccord Genuity cut the rating on Turquoise Hill Resources to sell from hold.
On the economic calendar, Statistics Canada reported foreign investors acquired $26.3 billion of Canadian securities in August, mainly in the form of debt securities. At the same time, Canadian investors resumed their purchases of foreign securities, adding $15.2 billion worth to their portfolios in August.
What’s more, Canada Mortgage and Housing Corporation told us housing starts decreased to 251,200 units in September from 262,800 units in August.
Prime Minister Justin Trudeau's newest minority government is set to impose higher taxes on Canadians, which will help fund some campaign promises but are not broad enough to also start paying down the country's record levels of debt, leaving Canada vulnerable to the next economic crisis.
ON BAYSTREET
The TSX Venture Exchange surged 12.24 points, or 1.3%, Friday to 937.67, a rise on the week of 60 points, or 6.8%.
ON WALLSTREET
U.S. stock index futures slid in early trading Monday, after the major averages posted their best week in months amid a stronger-than-expected start to earnings season.
Futures for the Dow Jones Industrials slumped 103 points, or 0.3%, to 35,068.
Futures for the S&P 500 slid 12.75 points, or 0.3%, to 4,448.75.
Futures for the NASDAQ Composite Index fell 34.25 points, or 0.2%, to 15,100.25.
Disney shares lost 1.6% in premarket trading after Barclays downgraded the stock and predicted streaming subscriber growth will slow.
A number of big names are set to report in the week ahead week, including Netflix, Johnson & Johnson, United Airlines and Procter & Gamble on Tuesday. Tesla, Verizon and IBM are among the other names on deck for the week.
As earnings season gets into full swing, investors will be watching for company commentary around supply chain bottlenecks and inflation, among other things.
A few things dented sentiment on Monday. Overnight, China reported gross domestic product that disappointed, coming in at 4.9% annual growth in the third quarter. That was short of the 5.3% growth expected by economists polled by Reuters. Industrial production in China last month also fell short of expectations.
Overseas, in Japan, the Nikkei 225 dipped 0.2% Monday, while in Hong Kong, the Hang Seng gained 0.3%.
Oil prices gained $1.23 cents to $83.31 U.S. a barrel.
Gold prices skidded $4.50 to $1,763.80 U.S. an ounce.
