Futures for Canada's main stock index were flat on Monday, as oil prices fell after U.S. President Donald Trump demanded that the Organization of the Petroleum Exporting Countries raise output to soften the impact of U.S. sanctions against Iran.
The S&P/TSX Composite Index gained 37.36 points to end Friday at 16,613.46.
The Canadian dollar nicked up 0.02 cents to 74.20 cents U.S. early Monday
June futures squeezed up 0.01% Monday.
Restaurant Brands International missed analysts' estimates for first-quarter profit, hit by slowing growth at its Burger King, Tim Hortons and Popeyes Louisiana Kitchen chains.
Canaccord Genuity raised the price target on Aecon Group to $26.00 from $25.00
CIBC raised the price target on Fiera Capital to $15.00 from $14.50
National Bank of Canada raised the target price on Sun Life Financial to $58.00 from $55.00
ON BAYSTREET
The TSX Venture Exchange poked up 1.82 points Friday to 610.69
ON WALLSTREET
U.S. stock index futures were little changed Monday morning, as market participants prepared for another day of corporate earnings and fresh data releases.
The Dow Jones Industrial Average sank 11 points to 26,506
Futures for the S&P 500 dipped 1.25 points at 2,940.25
NASDAQ futures lost three points to 7,837.25
The S&P 500 and NASDAQ closed at record highs on Friday after different companies presented better-than-expected results.
Corporate earnings will remain a key focus for investors on Monday too with Spotify and Restaurant Brands due to report before the bell. Alphabet and Western Digital will update investors after the bell.
On the data front, there will be personal income and consumer spending figures released at 8:30 a.m. ET.
Furthermore, investors are also tracking developments in trade talks between the U.S. and China. Treasury Secretary Steven Mnuchin said that both sides are “getting into the final laps” of their negotiations, The New York Times reported.
Overseas, in Hong Kong, the Hang Seng Index vaulted 1%, while markets in Japan were on holiday for the rest of the week.
Oil prices faded 16 cents to $63.15 U.S. a barrel.
Gold prices chucked $5.40 to $1,283.40 U.S. an ounce.
Related Stories
