Markets in Toronto looked set to open higher on Monday as expectations of economic improvements in Japan and the United States overshadowed concerns of an economic slowdown in China.
The S&P/TSX Composite Index ended Friday off 36.03 points to end the week at 12,373.30. Futures poked ahead 0.2%.
The Canadian dollar picked up 0.27 cents to 98.12 cents U.S. early Monday.
The major developed economies are gradually gaining momentum, led by faster growth in Japan and the United States, the OECD said.
Air Canada said it is moving ahead with plans to trim its costs by up to some 15 percent over the medium term, even as it pushes ahead with plans to boost its system capacity over the coming year.
Bombardier Inc. has moved its CSeries jet to its Mirabel flight test center near Montreal ahead of a maiden flight scheduled for the end of June.
Speaking of things economic, Canada Mortgage and Housing Corporation reported that housing starts in Canada were trending at 182,756 units in May compared to 182,971 in April, The standalone monthly seasonally-adjusted annual rates was 200,178 units in May, an increase from 175,922 in April.
ON BAYSTREET
The TSX Venture Exchange stepped back but 0.03 points Friday to 951.40
ON WALLSTREET
Investors may push stocks higher Monday, building on a positive end to last week, after a U.S. jobs report allayed fears of an early withdrawal of monetary stimulus.
Futures for the Dow Industrials rebounded 46 points, or 0.3%, to 15,254. Futures for the S&P 500 gained four points, or 0.2%, to 1,642.60, and futures for the NASDAQ improved seven points, or 0.2%, to 2,987.50
Apparel maker lululemon athletica is set to report its quarterly results after the close.
Electric car maker Tesla Motors, whose shares have soared more than 150% in the last three months, was down in pre-market trading after a report in Barron's suggested the run-up had left shares greatly overvalued.
Asian markets ended higher as Japan's Nikkei index added nearly 5% on a positive revision to first quarter GDP data.
The Hang Seng added 0.2% while markets in China and Australia were closed for a holiday.
European markets were mixed in midday trading. London's FTSE 100 and Germany's DAX both rose but France's CAC 40 was narrowly weaker.
Oil prices declined 65 cents to $95.39 U.S. a barrel
Gold prices dropped 90 cents to $1,382.10 U.S.
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