Canada's main stock index futures were marginally lower on Monday, as shares of material sector declined in pre-market trade.
The S&P/TSX Composite Index swooned 83.03 points to conclude Friday and the week at 15,274.44
The Canadian dollar dipped 0.02 cents at 75.78 U.S. early Monday
December futures eased 0.2% Friday.
A judge in Montana has blocked construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States, drawing praise on Friday from environmental groups and a rebuke from President Donald Trump.
Mawer Investment Management is working with an investment bank to explore a potential sale in a deal that could be worth as much as $2 billion.
Canaccord Genuity raised the rating on Autocanada to buy from hold
Barclays raised the rating on Imperial Oil to overweight from equal weight
National Bank of Canada raised the rating on Ipl Plastics to outperform from sector perform
Canaccord Genuity cut the rating Recipe Unlimited to hold from buy
ON BAYSTREET
The TSX Venture Exchange lost 15.64 points, or 2.3%, Friday to 651.42
ON WALLSTREET
U.S. stock index futures pointed to a lower open Monday morning amid a surge in benchmark crude prices.
Futures for the Dow Jones Industrials dropped 75 points, or 0.3%, to 25,898
S&P futures slid 6.75 points, or 0.2%, to 2,772.25, while the NASDAQ Composite fell 29 points, or 0.4%, to 7,002.25.
The session could see low trading volumes as the bond markets are closed as the U.S. marks Veterans Day. On the earnings front, Axa Equitable is set to report before the bell. Meanwhile, Eventbrite and Focus Financial will report after the bell.
No economic data are expected on Monday
In the oil markets, prices jumped nearly 1% after Saudi Arabia announced a supply cut for December and other producers also weighed output cuts heading into 2019.
The rise in oil prices come after a 4.7% decline for U.S. crude last week. The commodity also entered a bear market last week, meaning it was down at least 20% from its 52-week high.
Overseas, in Japan, the Nikkei 225 forged ahead 0.1% Monday, while in Hong Kong, the Hang Seng index also acquired 0.1%.
Oil prices gained 52 cents to $60.71 U.S. a barrel.
Gold prices skidded $2.20 to $1,206.40 U.S. an ounce.
