Futures for Canada's main stock index were higher on Monday, getting a boost from rising optimism around a U.S.-China trade deal.
The TSX Composite Index gained 56.29 points to finish Friday and the week at 17,028.47, an all-time high and a jump on the week of 151 points or 0.9%.
The Canadian dollar dipped 0.05 cents to 75.56 cents U.S. early Monday
December futures nicked higher 0.07% early Monday.
Australia's Saracen Mineral Holdings Ltd said on Monday it would buy Canadian-listed Barrick Gold Corp's 50% stake in the Super Pit gold mine in Western Australia for $750 million.
The Teamsters labour union has given Canadian National Railway notice that it intends to strike starting Tuesday, the two parties said on Saturday, following a stalemate in contract negotiations.
National Bank of Canada cut the rating on Alacer Gold to sector perform from outperform
National Bank of Canada cut the price target on Yamana Gold to $5.50 from $6.00
ON BAYSTREET
The TSX Venture Exchange switched gears Friday, and gained 1.43 points at 528.58, though the loss on the week was 8.39 points, or 1.56%.
ON WALLSTREET
U.S. stock index futures gave back most of their gains on Monday after various media reported Chinese officials are pessimistic about the prospect of a U.S.-China trade deal.
Futures for the Dow Jones Industrials sank four points early Monday to 27,949.
Futures for the S&P 500 dipped 3.75 points, or 0.1%, at 3,114.50.
The NASDAQ Composite fell 9.75 points, or 0.1%, to 8,309.
Manchester United and Bilibili are among the firms reporting earnings Monday.
Over the past month, the Dow and S&P 500 are both up more than 4%. The NASDAQ, meanwhile, is up 5.6% in that time through Friday’s close. The Dow also closed above 28,000 for the first time on Friday.
On the data front, there will be business leaders survey figures out at 8:30 a.m. ET, the National Association of Home Builders survey is due at 10 a.m.
China is troubled by President Donald Trump saying recently the U.S. would not roll back tariffs as they thought both sides had agreed to do so in principle
Overseas, in Japan, the Nikkei 225 sprang up 0.5% Monday, while in Hong Kong, the Hang Seng Index popped 1.4%.
Oil prices stepped back 53 cents to $57.19 U.S. a barrel.
Gold prices fell $2.60 to $1,465.90 U.S. an ounce.
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