Stock futures pointed to a higher start for Canada's main stock index, tracking gains in U.S. markets, as gold and oil prices rose.
The S&P/TSX composite index closed lower Friday by 51.76 points at 13,075.42, bringing its losing streak to eight straight sessions, its longest since the summer of 2002.
The Canadian dollar was virtually unchanged at 75.05 cents U.S. early Monday
NBF cut the price target on Aimia to $11.50 from $13.50 after the company reported third quarter results that were again well below Gross Billings forecast due to a big miss in Canada and lighter performance in EMEA.
RBC raised the target on Power Corporation of Canada to $35.00 from $33.00 as the company reported third quarter results well above the expectation.
Africa Oil Corp is out with third-quarter figures today, expecting a Q3 loss of one cent per share
Centric Health Corp projects a full-year loss of 11 cents per share
Economically speaking, Statistics Canada reported that Canadian investors reduced their holdings of foreign securities by $6.2 billion in September, all non-U.S. foreign instruments. At the same time, foreign investors purchased $3.3 billion of Canadian securities, most of them equities.
What’s more, the agency reported that manufacturing sales declined 1.5% to $51.1 billion in September.
Lastly, the Canadian Real Estate Association was due out this morning with MLS sales figures for October.
ON BAYSTREET
The TSX Venture Exchange moved up 1.22 points Friday to 523.95
ON WALLSTREET
Global markets are looking resilient after early falls Monday following a series of coordinated terrorist attacks in Paris that left at least 129 people dead.
The New York Stock Exchange will observe a moment of silence at 9:25 a.m. ET in honor of the victims of the Paris attack.
Ahead of the opening bell, futures for the Dow Jones eased back five points to 17,201, futures for the S&P 500 inched up 1.75 points, or 0.1%, to 2,020.25, and futures for the NASDAQ faded 3.5 points, or 0.1%, to 4,498.50.
Chinese e-commerce site JD.com and retailer Dillard's are among a handful of companies that are reporting earnings ahead of the open.
Urban Outfitters is expected to report after the close.
The Euronext Paris stock exchange opened this morning with added security measures in place. The key Parisian index -- the CAC 40 -- initially dropped by about 1% but then recovered and was little changed in late morning.
Most other European stock markets were narrowly positive, reversing early losses.
The euro is also declining against all major global currencies, including the U.S. dollar. It's currently trading around $1.07.
The Japanese economy has dipped back into a recession, again.
Gross domestic product contracted by an annualized 0.8% in the third quarter. The economy also shrank in the previous quarter.
The Nikkei in Tokyo fell around 1% Monday. Many other Asian markets ended the day with losses, though the China Shenzhen index rallied by 2%.
Oil prices inched up 64 cents to $41.38 U.S. a barrel
Gold prices jumped $4.36 to $1,088.47 U.S. an ounce.
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