Futures pointed to a higher opening for Canada's main stock index on Monday, led by rising crude and strong manufacturing data from China which boosted global investor sentiment.
The S&P/TSX Composite Index settled 53.4 points to finish Friday, the week and the month, at 16,102.09.
The Canadian dollar ducked back 0.08 cents to 74.82 cents U.S. early Monday
June futures jumped 0.4% Friday.
Former Attorney General Jody Wilson-Raybould -- the figure at the heart of a crisis that could cost Prime Minister Justin Trudeau his job -- on Friday released documents to back up her case that she had been pressured to help SNC Lavalin avoid a corruption trial.
U.S. President Donald Trump on Friday signed a new permission for TransCanada Corp to build the long-delayed Keystone pipeline for imports of Canadian oil, replacing his previous permits in a fresh attempt to get around the blocking of the $8 billion project by a court in Montana.
Canaccord Genuity Group on Sunday said it will restructure its capital markets business in the United Kingdom, with uncertainty looming over the country as it prepares to exit from the European Union.
JPMorgan cut the target price on Canadian Pacific Railway to $335.00 from $337.00
Canaccord Genuity cut the rating on Carmanah Technologies to hold from buy
On the economic beat, the Markit Manufacturing Purchasing Managers Index for March is due out Monday morning (about 9:30 a.m. EDT)
ON BAYSTREET
The TSX Venture Exchange gained 4.22 points Monday to 626.89
ON WALLSTREET
U.S. stock futures rallied early on Monday as strong manufacturing data out of China eased worries of a possible global economic slowdown.
Futures for the Dow Jones Industrial Average spiked 206 points, or 0.8%, at 26,139
Futures for the S&P 500 gained 21 points, or 0.7%, at 2,858.75
NASDAQ futures popped 74.75 points, or 1%, to 7,475.25
Arcimoto Inc. and Navigator Holdings are among the firms declaring earnings Monday.
Monday is a busy day on the data front, with U.S. retail sales, manufacturing numbers, construction spending and business inventories due to be released.
A private survey showed the country's manufacturing activity expanded unexpectedly in March, at its fastest pace in eight months. The data sent the Shanghai Composite up more than 2.5% overnight. European shares also rose broadly.
In other news boosting markets, the U.S. and China recently concluded their latest round of trade talks. U.S. officials last week said China had made proposals on a number of issues — including forced technology transfers — that go further than previous commitments.
Overseas, in Japan, the Nikkei 225 surged 1.4% Monday, while in Hong Kong, the Hang Seng Index climbed 1.89%
Oil prices picked up 69 cents to $60.31 U.S. a barrel.
Gold prices faded $2.10 to $1,308.00 U.S. an ounce.
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