Futures for Canada's main stock index were higher on Monday, as oil prices clawed back some of the losses after the previous session's near-7% fall.
The S&P/TSX Composite Index was down 80.8 points to close Friday and the week at 15,010.78
The Canadian dollar inched higher 0.12 cents at 75.71 U.S. early Monday
December futures rocketed 0.6% Monday.
General Motors Co is set to make a major announcement on Monday that will affect its global operations and threatens to shut down a big vehicle assembly plant in Ontario, one of its union said on Sunday.
CIBC raised the target price on CAE to $29.00 from $27.00
RBC cut the price target on Valener to $21.00 from $22.00
ON BAYSTREET
The TSX Venture Exchange slumped 0.29 points Friday to 602.15
ON WALLSTREET
U.S. stock futures pointed to a higher open on the first trading day of the week after big losses during the previous week.
Futures for the Dow Jones Industrials ballooned 253 points, or 1%, to 24,513
S&P futures jumped 29.5 points, or 1.1%, to 2,659, while the NASDAQ Composite leaped 102 points, or 1.6%, to 6,633.
The positive sentiment comes after one of the most important shopping events of the year pulled in a record $6.22 billion in online sales, according to data compiled by Adobe Analytics. Investors will likely be keeping a close eye on the retail sector, especially as Cyber Monday kicks off.
Stocks suffered their worst Thanksgiving week since 2011 last week as a sell-off in once-loved technology stocks and oil prices put traders into risk-off mode. Shares of the collective "FAANG" (Facebook, Amazon, Apple, Netflix and Alphabet) group all fell Friday, while oil dipped further into bear market territory.
However, on Monday, oil prices were seen in positive territory.
Monday is a quiet earnings day, with fashion retailer Buckle set to report results after the bell. In economic data, Chicago Federal Reserve national activity index numbers are due at 8:30 a.m. ET, while Dallas Fed manufacturing survey data are due to be released at 10:30 a.m. ET.
Politics will be another area of focus for investors this week, with the G-20 summit in Argentina and Brexit dominating headlines. The meeting of the world's most powerful leaders will bring together U.S. President Donald Trump and Chinese President Xi Jinping, at a time of intense trade tensions between the two countries.
Meanwhile, the U.K. has gained the backing of the European Union on its deal to withdraw from the soon-to-be 27-member bloc.
Overseas, markets in Japan recovered, with the Nikkei 225 increasing 0.8% Monday, while in Hong Kong, the Hang Seng index took on 1.7%
Oil prices gained 75 cents to $51.17 U.S. a barrel.
Gold prices grew $1.70 to $1,224.90 U.S. an ounce.
