Stock index futures for markets in Toronto were slightly higher ahead of September inflation data which likely rose from a month earlier.
The S&P/TSX Composite sank 48.46 points to close Friday at 14,785.29.
The Canadian dollar slides 0.01 cents to 74.64 cents U.S. early Monday.
U.S. oil refiner HollyFrontier Corp said it would buy Suncor Energy’s, Petro-Canada lubricants unit for $1.13 billion, expanding its North American lubricants business.
Bombardier Inc said on Sunday it had booked an order for four of its Challenger 650 business jets from Singapore-based Zetta Jet, valued at $129 million at list prices.
Canadian Imperial Bank of Commerce has agreed to a no-contest settlement with the Ontario Securities Commission that will see CIBC compensate customers a total of $73.3 million for excess fees.
Performance Sports Group, the maker of Bauer hockey gear is preparing to file for bankruptcy in the United States and Canada as early as Sunday evening, according to people familiar with the matter.
Canaccord Genuity raised the target price on Altus Group to $36.00 from $30.00, given the company’s double-digit organic growth and rising margins.
Barclays cut the target price on Canadian Tire Corporation to $160.00 from $162.00, to reflect the company’s deteriorating consumer discretionary spending outlook.
Berenberg raised the target price on Teck Resources to $25.50 from $13.00, saying that the company’s third-quarter results highlighted the company’s strong leverage to coking coal.
On the economic front, Statistics Canada industrial product price index rose 0.4% in September, led by higher prices for energy and petroleum products, as well as motorized and recreational vehicles.
StatsCan also said its raw materials price index edged down 0.1% in the same month, as lower prices for animals and animal products were largely offset by higher prices for crude energy products.
ON BAYSTREET
The TSX Venture Exchange grew 0.65 points Friday to 775.84
ON WALLSTREET
U.S. stock index futures pointed to a slightly higher open on Monday, as investors prepared for more earnings and data, amid uncertainty surrounding the U.S. election and what the Federal Reserve might do next.
Ahead of the opening bell, futures for the Dow Jones Industrials moved along eight points to 18,106, while futures for the S&P 500 picked up 2.25 points, or 0.1%, to 2,126. NASDAQ futures gained 13.75 points, or 0.3%, at 4,819.75
While the U.S. central bank should be front and centre this week, the meeting could be overshadowed by news emerging out of the U.S. election campaign. On Friday, the FBI announced that it was reviewing new evidence in connection with its investigation of Hillary Clinton's email server. The news shook markets and sent U.S. stocks to close lower last Friday.
Earnings and data are also set to shake up market sentiment on Monday. Anadarko Petroleum and General Growth Properties are both reporting earnings. Lumber Liquidators, Honda Motor and Cardinal Health all reported before the bell Monday.
Aside from the Dallas Fed survey, on the data front, U.S. consumer spending rose more than expected in September, gaining 0.5%. The Chicago Purchasing Managers Index is also due out at 9:45 a.m. ET.
European stocks were in negative territory, while Asia-Pacific indexes closed mostly lower overnight.
Oil prices fell 60 cents to $48.10 U.S. a barrel
Gold prices sank $3.40 to $1,273.40 U.S. an ounce.
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