Canada's main stock index futures fell on Monday as ripple effects of the Turkish currency crisis continued to affect global markets, with investors seeking safety in government bonds and the dollar.
The S&P/TSX Composite Index lost 90.47 points to end the day and the week at 16,326.51
The Canadian dollar tailed off 0.58 cents at 76.03 cents U.S. early Monday
September futures declined 0.1% Monday
The next chief executive of Air-France-KLM must not be beholden to external interests, said a senior French pilot on the group's board of directors, criticizing the possible choice of Air Canada's chief operating officer as preferred candidate.
Canaccord Genuity cut the price target on Cineplex Inc. to $32.00 from $33.00
CIBC cut the price target on Stuart Olson Inc. to $8.00 from $8.50
RBC cut the target price on Hudbay Minerals Inc. to $11.00 from $13.00
ON BAYSTREET
The TSX Venture Exchange backpedaled 5.94 points Friday to 693.75
ON WALLSTREET
U.S. stock index futures slipped ahead of Monday's open, as markets around the globe grew skittish over the future of Turkey's economy
Futures for the Dow Jones Industrials fell 56 points, or 0.2%, to 25,275
S&P 500 futures slipped 4.75 points, or 0.2%, to 2,832, while futures for the NASDAQ composite shed 6.5 points, or 0.1%, to 7,420.50.
Stocks, too, continue to see red, after Turkey's financial troubles sparked fear of contagion and the country's currency took a deep slide. On Friday, the lira temporarily tumbled 20% against the U.S. dollar, after President Donald Trump said that he supported doubling metal tariffs on Ankara.
Such firms as JinkoSolar Holding Company, Sysco Corporation, and YY Inc. are reporting earnings Monday
Overseas, in Japan, the Nikkei 225 capsized 2% while in Hong Kong, the Hang Seng index fell 1.5%.
Oil prices lost 25 cents to $67.38 U.S. a barrel.
Gold prices eased $13.80 to $1,205.20 U.S. an ounce.
