Markets in this country were set to enjoy a higher start on Monday as investors returned to riskier assets following a slight easing of tensions between the United States and North Korea.
The S&P/TSX Composite Index declined 40.87 points to conclude Friday and the week at 15,033.38. September futures crept up 0.2% Monday morning.
The Canadian dollar gained 0.28 cents to 78.76 cents U.S. Monday morning.
An effective dispute settlement mechanism is essential in any trade agreement, Foreign Affairs Minister Chrystia Freeland said on Friday, less than a week before the first round of negotiations on NAFTA
Credit Suisse reinstated coverage on Hydro One with a neutral rating and $26.00 target price
Barclays cut the price target on Metro Inc. to $44.00 from $45.00
JP Morgan raised the price target on Trican Well Service to $6.00 from $5.00
ON BAYSTREET
The TSX Venture Exchange swooned 4.16 points Thursday to 758.57
ON WALLSTREET
U.S. stock index futures pointed to a strong open on Monday boosted by a solid performance seen from international markets as geopolitical tensions ease.
Ahead of the opening bell, futures for the Dow Jones Industrials hiked 102 points, or 0.5%, to 21,950. Futures for the S&P 500 gained 14 points, or 0.6%, to 2,454. NASDAQ futures leaped 35.25 points, or 0.6%, to 5,873.50, as shares of Amazon, Tesla and Alphabet all rose in pre-market trading.
U.S. Secretary of State Rex Tillerson and U.S. Secretary of Defense Jim Mattis stated that the current U.S. administration would continue to pursue diplomatic resolutions with Pyongyang. On Sunday, the two U.S. officials wrote in a commentary piece published in the Wall Street Journal that "the U.S. has no interest in regime change or accelerated reunification of Korea."
Overseas, markets in Europe were in the green around noon on the continent, while Japan’s Nikkei 225 slumbered 1% and the CSI 300 in Shanghai rocketed ahead 1.3%
Oil prices shed 21 cents to $48.61 U.S. per barrel.
Gold prices faded $5.60 to $1,288.40 U.S. an ounce.
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