Futures for Canada's main stock index were little changed on Monday as investors weighed U.S. bond yields approaching the critical 3% barrier.
The S&P/TSX Composite Index gained 29.9 points to close Friday and the week at 15,484.32
The Canadian dollar slid 0.75 cents to 78.21 cents U.S. early Monday
June futures gained 0.08% Monday.
Canadian gaming company Stars Group Inc said on Saturday it had agreed to buy Sky Betting and Gaming from CVC Capital Partners and Sky PLC, in a deal worth $4.7 billion.
Canaccord Genuity raised the rating on Goldcorp Inc. to buy from hold.
CIBC raised the target price on Transcontinental Inc. to $34.00 from $30.00
On the economic front, Statistics Canada reported that wholesale trade in Canada backtracked 0.8% to $62.8 billion in February, the largest downward movement and the second monthly drop since September 2017.
ON BAYSTREET
The TSX Venture Exchange gained 2.86 points Friday to 804.96
ON WALLSTREET
U.S. stock index futures traded little changed ahead of Monday's open as Wall Street kept an eye on rising interest rates.
Futures for the Dow Jones Industrial Average picked up 38 points, or 0.2%, to 24,471
S&P 500 futures progressed 4.75 points, or 0.2%, to 2,676.25, while futures for the NASDAQ composite index advanced 19 points, or 0.3%, to 6,695.25
Earnings season continued on Monday, with Halliburton, Alaska Air, and Hasbro all posting quarterly results. Halliburton's quarterly profit matched analyst expectations, while its revenue missed.
Hasbro, meanwhile, fell more than 3% after its earnings and sales fell short of estimates. Alaska Air reported a stronger-than-expected profit but disappointing revenue.
In economic data, a flash reading of the latest composite purchasing managers' index will be published 9:45 a.m. ET, while existing home sales will follow shortly after, at 10 a.m. ET.
The 10-year Treasury note yield rose to 2.99% on Monday. The benchmark yield last traded at 3% or higher in early 2014. Rates have been rising this month as investors bet on more inflation and tighter monetary policy from the Federal Reserve.
In Japan, the Nikkei 225 fell 0.3%, while in Hong Kong, the Hang Seng Index slumped 0.5%.
Oil prices dipped 74 cents to $67.66 U.S. per barrel.
Gold prices faded $9.40 to $1,328.90 U.S. an ounce.
