Stocks in Canada’s biggest market appeared ready open slightly lower on Monday after more selloffs in global commodities.
The S&P/TSX composite index skidded 40.34 points to close out the week at 13,433.49. December futures on the S&P TSX index were down 0.1%
The Canadian dollar eased off 0.15 cents to 74.75 cents U.S. early Monday
Sources say private equity firm CVC Capital Partners Ltd and Canada Pension Plan Investment Board are nearing a deal to acquire Petco Holdings Inc, valuing it at around $4.7 billion, including debt.
Canada's national energy regulator has halted construction on a new TransCanada Corp. natural gas pipeline after reviewing evidence that it may have spilled a toxic drilling fluid into a major river.
Alberta announced on Sunday an economy-wide tax on carbon emissions in 2017 to fight climate change.
In ratings matters, KBW raised the target price on Bank of Montreal to $79.00 from $78.00
However, KBW cut the target price on Bank of Nova Scotia to $63.00 from $64.00
Numis cut the target price on Timmins Gold to hold from buy; the target price to 24 cents from $1.10
ON BAYSTREET
The TSX Venture Exchange remained positive 2.3 points Friday to 520.65.
ON WALLSTREET
U.S. stock futures are now sitting around Friday's closing levels, after dwelling in slightly negative territory.
Ahead of the opening bell, futures for the Dow Jones were unchanged at 17,801, futures for the S&P 500 settled 0.25 points, or 0.1%, to 2,088.50, and futures for the NASDAQ gained 2.5 points, or 0.1%, to 4,692.
Shares in drug companies Allergan and Pfizer are both dipping by about 2% after they announced plans to come together in a deal worth around $160 billion U.S.
If the deal goes through, experts say it would be the second-largest takeover of all time
Tyson Foods and Gamestop are reporting quarterly results ahead of the opening bell.
After the close, investors will hear from a handful of companies, including cereal maker Post.
The National Association of Realtors will release its October existing home sales report at 10 a.m. ET.
Overseas, European markets are mostly declining, while Asian markets ended with mixed results.
In Europe, however, some cheery economic news: new November data from Markit shows business activity and employment has been growing at its fastest rate in over four years.
Oil prices fell 35 cents to $41.55 U.S. a barrel
Gold prices skidded $8.92 to $1,069.09 U.S. an ounce.
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