Stock futures pointed to a lower opening for Canada's main stock index on Monday
On Friday, the S&P/TSX composite index dipped 6.87 points to conclude the day and the week at 15,569.92. Futures were 0.3% lower an hour before the opening bell.
The Canadian dollar ditched 0.25 cents to 91.66 cents U.S. early Monday.
Bombardier resumed test flights for its much-delayed CSeries jet on Sunday, the first such flight after tests were halted in May following an on-ground engine failure.
Athabasca Oil increased its capital budget for the year and said its chief executive of seven years would retire on Sept. 30.
Goldman Sachs upped the price target on Canadian Pacific Railway to $245 from $222
National Bank Financial raised the price target on Empire Co to $78 from $75
On the economic front, Statistics Canada reported that Canadian municipalities issued building permits worth $9.2 billion dollars in July, up 11.8% from June and the fourth consecutive monthly advance.
The increase in July was mainly attributable to higher construction intentions for multi-family dwellings in Ontario and British Columbia as well as institutional buildings in Manitoba.
ON BAYSTREET
The TSX Venture Exchange dropped 0.54 points Friday to 994.89.
ON WALLSTREET
U.S. stock futures were edging lower, threatening to wipe out the small gains eked out in the previous week.
Ahead of the opening bell, futures for the Dow Jones Industrials fell 26 points, or 0.2%, to 17,091. Futures for the S&P 500 dropped 2.75 points, or 0.1%, to 2,003.25, and futures for the NASDAQ inched back 2.25 points, or 0.1%, to 4,084.25.
Shares in Yahoo were rising by about 3% pre-market as investors anticipate that the company will be in for a huge windfall when China's Alibaba begins trading in the U.S. Yahoo owns over 20% of Alibaba, which is looking to raise as much as $24.3 billion U.S. from its upcoming initial public offering.
Campbell Soup is the main company posting quarterly results Monday. The numbers will be out before the opening bell.
The U.S. Federal Reserve is set to release monthly data in the afternoon on consumer credit for July.
The U.K. pound took a beating in currency markets on rising risk that Scotland may vote next week to break away from the United Kingdom.
The pound took a sharp tumble against the U.S. dollar after a weekend poll showed for the first time that Scottish voters who want to break away from the U.K. outnumbered voters who want to stay.
Oil prices eased 81 cents to $92.46 U.S. a barrel
Gold prices lost 40 cents to $1,266.90 U.S. an ounce.
Related Stories
