Canada's main stock index futures ticked lower on Monday amid renewed concerns over the coronavirus outbreak, as some countries reported a new wave of infections.
The S&P/TSX Composite Index remained higher 132.87 points to end Friday at 14,966.56, for a gain on the week of 346 points, or 2.37%.
The Canadian dollar doffed 0.06 cents early Monday to 71.55 cents U.S.
June futures sank 0.3% Monday.
Canadian precious metals producer SSR Mining said on Monday it would acquire Alacer Gold in an all-stock deal valued at $2.41 billion to create a diversified gold producer.
National Bank of Canada upped the target price on Constellation Software to $1,400 from $1,300
Canaccord Genuity upped the target price on Profound Medical to $21.00 from $20.00
CIBC cut the target price on SNC-Lavalin Group to $35.00 from $37.00
The total fatalities among coronavirus patients in Canada rose 2.2% to 4,728 on Sunday, one of the lowest daily increases since the outbreak started, official public health agency data showed.
ON BAYSTREET
The TSX Venture Exchange gained 9.4 points Thursday to 488.22.
ON WALLSTREET
U.S. stock futures fell on Monday amid jitters about reopening the economy too soon.
Futures for Dow Jones Industrials plummeted 236 points, or 1%, early Monday to 24,050.
Futures for the S&P 500 sank 31.75 points, or 1.1%, at 2,896.75.
Futures for the NASDAQ Composite dipped 70 points, or 0.8%, to 9,148.25.
Stocks were down in pre-market trading Monday. Disney lost 0.8%. MGM fell 2.5%. United Airlines lost 2.4%.
Apple said Friday it will start to reopen U.S. stores this week. The stores, Apple said, will have temperature checks and will limit the number of customers inside the store at once. Apple shares lost 0.4% in pre-market trading Monday.
A jump in infections in South Korea and other countries that appeared passed the worst of the coronavirus stoked some jitters here. Stocks that would benefit most from reopening led the losses in pre-market trading including airlines, retailers, cruise lines and casinos.
South Korea warned of a new cluster of cases involving night clubs and the number of new coronavirus cases worldwide reached four million. Singapore and Japan also confirmed new cases.
Elsewhere overseas, in Tokyo, the Nikkei 225 gained 1.1%, while in Hong Kong, the Hang Sang index advanced 1.5%.
Oil prices gained 68 cents to $25.42 U.S. a barrel.
Gold prices slipped $9.40 to $1,704.50 U.S. an ounce.
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