Canada's main stock index futures signaled a lower open on Monday, with investors still jittery about the uncertainty surrounding the U.S. Federal Reserve's bond-buying program.
The S&P/TSX composite index doffed 10.79 points to end Friday at 12,542.13. Monday futures traded down 0.5%.
The Canadian dollar faded 0.08 cents, to 97.01 cents U.S. early Monday
Blackberry said it had set up a committee to explore strategic alternatives that could include joint ventures, partnerships or a sale of the company.
Roth Capital cut the target price on Dorel Industries Inc. to $38 from $42 after the company's management lowered its forecast for the year
Raymond James raised the price target on Easyhome Ltd. to $15 from $12, saying there is a good balance of growth and income both in store and in the stock
CIBC cut the target price on GMP Capital Inc. to $6.50 from $7.50 to reflect the weak outlook for Canadian resource financings
SocGen cut the price target on Semafo Inc. to $2 from $2.10, saying, despite the company reporting a strong second quarter, H1 results came 29% lower year-over-year
ON BAYSTREET
The TSX Venture Exchange gained 4.76 points Friday to 920.09
ON WALLSTREET
It looks like Monday could be another downbeat day in the markets, as investors find little reason to push stocks higher.
Ahead of the opening bell, futures for the Dow Industrials fell 56 points, or 0.4%, to 15,319. Futures for the S&P 500 slid 7.5 points, or 0.4%, to 1,678.70, and futures for the NASDAQ dipped 9.5 points, or 0.3%, at 3,103.75
It's a light day for corporate earnings. American Apparel and Dillard's are slated to report quarterly results after the close of trading.
The markets have been in a bit of a funk for the past few trading days as a summer malaise sets in. August tends to be a month of light trading volumes and muted market movements.
All the major U.S. stock indexes declined by roughly 1% last week. But even with the loss of momentum, stocks have still gained between 18% and 23% in 2013.
Apple shares rose slightly in pre-market trading after the International Trade Commission on Friday banned Samsung from importing or selling several devices that it said infringe on Apple patents.
Economically speaking, the U.S. Treasury Department will release its monthly budgetary statement at 2 p.m. ET.
European markets were lower in midday trading.
There was a bit more excitement in Asian markets.
In China, the Shanghai Composite index and Hang Seng index rallied by just over 2% after a number of well-received economic reports from the past few days.
But Japan's Nikkei 225 lost 0.7% as data showed the pace of the country's economic growth slowed in the second quarter.
Oil prices dipped 38 cents to $105.59 U.S. a barrel
Gold prices climbed $14.00 to $1,326.20 U.S. an ounce.
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