Canadian stocks looked set to start a heavy earnings week little changed, as fresh rounds of European sanctions on Russia weighed on investor sentiment.
The S&P/TSX composite index grew 60.59 points, to close out Friday and the week at 15,455.04, with Monday futures up 0.03%.
The Canadian dollar eked up 0.07 cents to 92.50 cents U.S. early Monday
The second-quarter earnings season picks up momentum this week with data coming in primarily from the gold mining and energy sectors. Those two are the best performing sectors on the TSX year to date with energy up 19% while the gold sector is up 28%, but that's after being cut in half last year.
Outside those sectors, traders will consider reports from transportation giant Bombardier on Thursday.
The stock is close to its 52-week low of $3.44 and investors will be looking to the report and analyst call for indications on the development of the company's crucial CSeries airliner, which has been beset by a series of delays.
Other key reports include WestJet airlines on Tuesday and TransCanada Pipelines on Thursday.
The data calendar for Canada is light this week with only one major report. Statistics Canada posts May gross domestic product figures on Thursday. Economists look for a 0.3% gain for the month.
ON BAYSTREET
The TSX Venture Exchange gained 5.79 points Friday to 1,017.44.
ON WALLSTREET
Markets in the States appear ready to start the week with a whimper, continuing last week's uninspired performance.
Ahead of the opening bell, futures for the Dow Jones Industrials dipped six points to 16,885. Futures for the S&P 500 faded 0.75 points to 1,970.75, and futures for the NASDAQ inched up 1.25 points to 3,956.75.
Tyson Foods will post results before the opening bell and Herbalife will report after the close. Tyson shares rose in pre-market trading after the food company said it was selling its Mexican and Brazilian chicken businesses for $575 million U.S.
Family Dollar shares surged more than 20% on news that it's getting bought out by another discount retailer, Dollar Tree, for $8.5 billion U.S.
McDonald's continues to be embroiled in a rotten meat scandal in China.
Shares of the fast food chain have dropped 3.3% in the week since a longtime McDonald's meat supplier was accused of processing expired meat.
Keep an eye on another American fast food chain, El Pollo Loco, to see if it continues to fly high -- shares surged more than 60% in its first day of trading Friday.
Most European markets were mixed in early trading, with France's CAC 40 up 0.3 %.
Russia's Micex index was 0.8% lower after an arbitration panel in The Hague ruled against the state, finding the government had illegally sold off the assets of oil company Yukos. Former major shareholders were awarded the equivalent of $50 billion U.S. in damages.
Most Asian markets advanced Monday, led by a 2.4% surge on China's benchmark Shanghai Composite.
Oil prices fell 70 cents to $101.39 U.S. a barrel
Gold prices peeked ahead $1.80 to $1,305.10 U.S. an ounce.
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