Stock futures pointed to a lower opening for Canada's main stock index on Monday after Chinese trade data showed exports and imports tumbled more than expected.
The S&P/TSX composite index dipped into negative territory 41 points to close Friday and week at 15,083.92, with March futures off 0.4% Monday.
Even so, the benchmark Canadian index is up nearly 4% so far this year.
The Canadian dollar hiked 0.30 cents to 80.05 cents U.S. early Monday.
Gran Tierra Energy more than halved its 2015 capex budget and cut its production forecast for the year following the sharp decline in oil prices.
Federal Finance Minister Joe Oliver called on Monday for compromise over Greece's debt, telling Reuters that while Athens must not make a wholesale repudiation of its debt, its creditors also needed to work with it to arrive at a compromise solution.
Cameco Corp reported on Friday a 14% increase in quarterly earnings, helped by a 6% rise in average realized uranium prices.
National Bank Financials raised the price target on Brookfield Renewable Energy to $43.00 from $41.00
Canaccord Genuity raised the price target on Input Capital to $3.75 from $3.50
CIBC raised the price target on Canfor Corp. to $36.00 from $32.00
Economically speaking, Canada Mortgage and Housing Corporation reported this morning that Housing starts rose to a seasonally-adjusted 187,276 in January, increasing 4.3% from December
ON BAYSTREET
The TSX Venture Exchange inched back 0.49 points Friday to 693.44
ON WALLSTREET
World markets are sliding and U.S. stock futures are trading 0.5% down.
Ahead of the opening bell, futures for the Dow Jones Industrials fell 81 points, or 0.5%, to 17,701. Futures for the S&P 500 dipped 9.5 points, or 0.5%, to 2,043.50, and futures for the NASDAQ slid 17.25 points, or 0.4%, to 4,210.25.
Toymaker Hasbro will report earnings before the opening bell, as will Masco Corporation.
HSBC came under fire in Europe following accusations that it had helped clients hide $100 billion U.S. in Swiss bank accounts. Its shares were trading 1.5% down in London Monday morning.
All European markets started the week lower, pulled down by fears about the clash with Greece over its debt. Asia was a more mixed picture.
The Nikkei was up 0.36% while Hong Kong's Hang Seng was down 1%.
Greek Prime Minister Alexis Tsipras reaffirmed his rejection of the terms of an international bailout, putting the country on course for a showdown with its European creditors at an emergency meeting on Wednesday.
The benchmark index in Athens was down 5%, and Greek 10-year bond yields widened sharply to 11% as investors prepared for a lengthy standoff.
Oil prices added 1.5% to $52.44 U.S. a barrel
Gold prices moved up 0.5% to $1,240.30 U.S. an ounce.
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