Stock futures pointed to a lower opening for Canada's main stock index amid fading hopes of further central bank policy easing around the world.
The S&P/TSX composite index gained 77.12 points to close the day and the week at 13,955.23. It gained 1.4% on the week
The Canadian dollar gained 0.15 cents to 76.10 cents U.S. early Monday
APR Energy Plc said it had reached an agreement to be bought by a consortium that includes Fairfax Financial Holdings, its largest shareholder, in a deal valuing the power plant supplier at about 165 million pounds. APR said the 175 pence-per-share cash offer represents a premium of 87.7% to the stock's closing price on Oct. 2, the last trading day before the company said it was talks to be bought by the consortium.
Valeant Pharmaceuticals International said it would set up an ad hoc committee to look into allegations about the company's association with specialty pharmacy distributor Philidor. Valeant also added that a board review found the company was in compliance with the law on revenue recognition from drugs sold through Philidor.
CIBC cut the target price on Argonaut Gold to $2.50 from $3.00 as the company announced that it has suspended mining operations at its flagship El Castillo mine in Mexico due to an illegal blockade by local land owners.
National Bank Financial raised the target price on Thomson Reuters to $62.50 from $58.00 following the company’s quarterly results.
Capital Power Corporation reports Q3 results today, expecting earnings of 27 cents per share.
West Fraser Timber expects Q3 earnings of 42 cents per share
ON BAYSTREET
The TSX Venture Exchange advanced 2.97 points Friday to 550.27
ON WALLSTREET
U.S. stock futures are looking a bit weak Monday while most major indexes in Europe are clawing back from early losses.
This follows two consecutive days of big stock market gains after the European Central Bank hinted at more stimulus to come and China's central bank cut rates.
Ahead of the opening bell, futures for the Dow Jones faded seven points to 17,539, futures for the S&P 500 lost two points, or 0.1%, to 2,064, and futures for the NASDAQ dipped 5.25 points, or 0.1%, to 4,606.25
Xerox is among a handful of companies reporting earnings before the opening bell.
After the close, investors will hear from another round of companies, including Cheesecake Factory, Broadcom and Rent-A-Center.
Shares in American Express and Symantec are dipping by about 2% in extended trading, which shares in PayPal are edging higher.
The United Auto Workers union announced late Sunday that it had reached a tentative agreement with General Motors. The bargaining committee said it "secured significant gains and job security protections," and unanimously agreed to send the proposed agreement to local union leaders for a vote this week.
Volkswagen has ceded the title of world's top automaker to Toyota as it struggles to contain an emissions scandal that is likely to dent sales further.
Toyota sold 7.49 million vehicles from January to September, compared to 7.43 million sold by Volkswagen over the same period. Volkswagen had surged past Toyota in the second quarter, but enjoyed just three months as number one before stumbling.
The Census Bureau will release its September new home sales report at 10 a.m. ET. Sales were up 5.7% in August.
Chinese stocks moved up a bit Monday as investors got their first chance to react to Friday's rate cut. Other Asian markets ended with mixed results.
Oil prices inched up five cents to $45.58 U.S. a barrel
Gold prices took on $2.20 to $1,166.65 U.S. an ounce.
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