Stock futures pointed to a higher opening for Canada's main stock index on Monday, tracking global shares and ahead of the U.S. Federal Reserve's two-day policy meet starting Tuesday.
The S&P/TSX composite index gained 15.98 points to close Friday at 15,408.33, with June futures picking up 0.2% Monday morning.
The Canadian dollar gained 0.16 cents to 82.25 cents U.S. early Monday.
ON BAYSTREET
The TSX Venture Exchange slipped 1.78 points Friday to 697.70
ON WALLSTREET
U.S. stock futures are not making any major moves ahead of the open. But if the indexes push up, they could very well hit new record highs.
Ahead of the opening bell, futures for the Dow Jones Industrials leaped 52 points, or 0.3%, to 18.069. Futures for the S&P 500 picked up 4.5 points, or 0.2%, to 2,116.25, and futures for the NASDAQ moved higher 16 points, or 0.4%, to 4,545.25
Shares in Applied Materials are falling by about 8% pre-market after the company canceled its planned merger with Tokyo Electron.
The company, which makes materials used in semiconductors and other tech products, said the U.S. Department of Justice raised concerns about a loss of competition in the market.
Shares in Volkswagen are rising by about 4% in Germany after the company's chairman resigned from his post. There had been a power struggle at the top of the company and the chairman had tried in vain to oust the automaker's CEO, Martin Winterkorn.
Shares in HSBC are up another 3%, building on a Friday surge. Last week, the bank warned it was looking to move its headquarters outside the U.K. Investors are also bidding shares higher after the Sunday Times reported HSBC may sell its British retail bank for roughly £20 billion ($30 billion U.S.)
The most prominent company reporting quarterly results today is Apple. The tech giant will report after the close.
Most European markets are dipping in early trading. Asian markets ended with mixed results.
Oil prices were static at $57.15 U.S. a barrel
Gold prices spiked $10.90 to $1,185.90 U.S. an ounce.
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