Futures Flat Monday

Onex, AltaGas in Forefront

Futures for Canada's commodity-heavy stock index traded flat on Monday, tracking lackluster prices of crude oil and gold.

The TSX gained 146.23 points to close Friday at 19,920.31. On the week, though, the index still dropped 430 points, or 2.1%.

June futures on the S&P/TSX index slid 0.08% Monday morning.

The Canadian dollar subtracted 0.06 cents to 73.53 cents U.S.

Among company news, Onex Corp's WestJet Airlines pilots will get a 24% hourly raise over four years, plus other pay and benefits as part of a tentative agreement reached between the airline and a pilots' union.

Mountain Valley natural gas pipeline, co-owned by AltaGas Ltd and other U.S. firms could win federal approval in the United States as part of the debt limit deal.

Investors also await second-quarter results due on Wednesday from the National Bank of Canada.

In Japan, the Nikkei 225 gain 1% Monday, while markets in Hong Kong settled 1%.

Oil prices dropped 0.16 cents to $72.51 U.S. a barrel.

Gold prices gained 40 cents to $1,953.30 U.S. an ounce.


The TSX Venture Exchange recovered 1.45 points Friday to 604.09, for a weekly loss of 8.7 points, or 1.4%.


U.S. markets are shuttered for Memorial Day