Futures pointed to a slightly higher opening for equities in Canada’s biggest market, as curb global oversupply.
The S&P/TSX Composite Index fell 81.51 points to close Friday and the week at 15,183.13
September futures were up 0.08% early Monday.
The Canadian dollar advanced 0.16 cents to 79.9 U.S. early Monday
Rayonier Advanced Materials said it raised its offer price for Canadian paper and cellulose pulp maker Tembec Inc to $4.75 per share, valuing the deal at $475 million, excluding debt.
Barclays cut the target price on ARC Resources to $22.00 from $24.00
CIBC raised the rating on Fairfax Financial Holdings to neutral from underperform
National Bank of Canada started coverage on Lithium Americas with an outperform rating
On matters economic, Statistics Canada reported wholesale trade rose 0.9% to a record-high $61.6 billion in May. Sales were up in six of the seven sub-sectors, representing 80% of total wholesale sales.
The agency adds that the miscellaneous and motor vehicle and parts sub-sectors contributed the most to the gains.
ON BAYSTREET
The TSX Venture Exchange skidded 3.65 points Friday to 760.88.
ON WALLSTREET
U.S. stock index futures pointed to a fairly static open on Monday, as investors prepared themselves for another week of bumper earnings reports.
Ahead of the opening bell, futures for the Dow Jones Industrials eked up one point to 21,519. Futures for the S&P 500 nicked up 0.25 points to 2,469.75. NASDAQ futures improved 3.25 points to 5,922
Hasbro, Halliburton and Illinois Tool Works are some of the major companies that reported corporate earnings before the bell. Google-parent Alphabet is set to report after the bell.
Sticking with releases, market-watchers will be on the lookout for key economic data including the Flash Composite Purchasing Managers' Index due out at 9:45 a.m. ET, followed by existing homes sales data, due out at 10 a.m. ET.
Investors will also be keeping a close eye on politics, in case there's any noise coming out of the White House on Monday.
Last Friday, Sean Spicer resigned as the White House's press secretary after he opposed the appointment of Anthony Scaramucci as communications director.
Principal deputy press secretary Sarah Huckabee Sanders will be taking over as press secretary, Scaramucci announced last week.
European markets were pressured approaching noon Monday, while the Nikkei 225 in Japan slid 0.6%, and Shanghai’s CSI 300 gained 0.4%.
Oil prices picked up 23 cents to $46.00 U.S. per barrel.
Gold prices acquired $3.20 to $1,258.10 U.S. an ounce.
