Stock futures pointed to a lower opening for markets in Canada’s largest centre on Monday, as oil prices slipped with U.S. crude easing from two-year highs on prospects of higher output.
The S&P/TSX Composite Index grew 33.72 points to close Friday and the week at 16,108.09
The Canadian dollar gained 0.15 cents at 78.81 cents U.S. Monday morning.
December futures dipped 0.2% Monday.
Hudson's Bay Co said on Monday almost two-thirds of its shareholders supported a $500-million investment by Rhone Capital, which was being opposed by activist fund Land and Buildings LLC.
Sobeys Inc, owned by Empire Company Ltd., is cutting more than 800 jobs across Canada.
TransCanada Corp said on Friday it has recovered 44,400 gallons, or 1,057 barrels, of oil from the Keystone pipeline spill site at Amherst, South Dakota.
National Bank initiated coverage on Atlantic Gold Corp. at outperform, with a $2.40 target price
TD Securities resumed coverage on Chartwell Retirement with a buy rating
Raymond James raised the price target on Maverix Metals to $2.00 from $1.80
ON BAYSTREET
The TSX Venture Exchange inched ahead 1.3 points Friday to 794.09
ON WALLSTREET
U.S. stock index futures pointed to a slightly lower open Monday, as investors looked to the latest batch of economic data and earnings.
Futures for the Dow Jones Industrials dropped six points to 23,511
S&P 500 futures deleted 0.5 points at 2,600.50, while futures on the NASDAQ Composite index faded 5.5 points, or 0.1%, to 6,408
Looking to earnings, Tech Data, Tuniu and Thor Industries are set to publish their latest financial figures.
On the data front, new home sales figures are expected to be released at 10 a.m. ET, followed by the Dallas Fed's Texas manufacturing outlook survey at 10:30 a.m. ET.
Also, investors are likely to be paying close attention to how certain retailers perform today as the Cyber Monday shopping spree commences.
Overseas, European stocks posted minor gains nearing noon local time, while Japan’s Nikkei 225 fell 0.2%, and in Hong Kong, the Hang Seng
Index removed 0.6%.
Oil prices backtracked 68 to $58.27 U.S. per barrel.
Gold prices gained $7.50 to $1,298.40 U.S. an ounce.
