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New Listings – TSX

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TSX to start strong

Sun Life, Valeant in focus


Stock futures for Canada's main stock index indicated a positive start for the week

The S&P/TSX composite index added 5.81 points to end Friday’s session at 14,708.10, with June futures up 0.2% Monday morning.
The Canadian dollar gathered 0.10 cents to 92.09 U.S. early Monday.

Sun Life Financial, Canada's third biggest insurer, is boosting investment in Indonesia and Malaysia at a time when growth in earnings from some core Asian markets has slowed.

When Valeant Pharmaceuticals International Inc raises its offer for Allergan Inc as it has indicated it will, it needs to hit the range of $180 to $200 per share, according to a JPMorgan survey of investors.

Canaccord Genuity initiated coverage on Callidus Capital Corp with a buy rating

Canaccord Genuity also initiated coverage on Industrial Alliance Insurance with a hold rating

ON BAYSTREET

The TSX Venture Exchange hiked 9.18 points Friday to 987.95.

ON WALLSTREET

American markets are shuttered today for Memorial Day