Toronto's main stock index looked set to open slightly higher on signs U.S. lawmakers were making progress towards an agreement on raising the country's borrowing limit to avoid a debt default, reviving appetite for riskier assets.
The S&P/TSX Composite Index gained 50.96 points to end Friday at 12,725.69, with futures up 0.1% Monday morning.
The Canadian dollar dropped 0.02 of a cent to 100.78 cents U.S. Monday morning.
Research In Motion Ltd will look into strategic alliances with other technology companies once it has launched its new BlackBerry 10 models, its chief executive told a German newspaper.
CIBC cuts target price on Teck Resources Ltd. to $50 from $52 on valuation and price estimate changes
On the economic beat, Statistics Canada reported this morning that wholesale sales rose 0.7% in November to $49.6 billion, mostly due to higher computer sales, and that of other communications equipment. The nation’s number-crunchers added that in volume terms, wholesale sales were up 0.5%.
ON BAYSTREET
The TSX Venture Exchange took on 2.17 points to 1,235.32
ON WALLSTREET
American markets are closed today for the Martin Luther King holiday.
