Stock futures pointed to a higher opening for Canada's main stock index on Monday despite weak Chinese data that pushed commodity prices lower.
The S&P/TSX composite index docked 2.74 points to end the day and week at 15,531.58. Futures on Monday were up 0.1%.
The Canadian dollar inched back 0.03 cents to 90.18 cents U.S. early Monday.
A tax dispute that threatened to delay the giant Oyu Tolgoi copper mine being developed in Mongolia by Rio Tinto has been resolved, a government official said.
Goldman Sachs cut the rating on TransCanada Corp. to sell from neutral.
BMO raised the target price on Canadian Pacific Railway to $240 from $220.
RBC cut the rating on to sector perform from outperform.
In the economic docket, Canada's closely watched ratio of household debt to income rebounded to 163.6% in the second quarter from 163.1% in the first, following a pattern which typically sees a second-quarter rise, Statistics Canada indicated on Friday.
Moreover, the Canadian Real Estate Association was to report this morning on August MLS national home sales activity.
ON BAYSTREET
The TSX Venture Exchange moved ahead 5.65 points Friday to 987.93.
ON WALLSTREET
U.S. stock futures were looking weak and European markets were mixed in early trading. Most benchmark indexes in Asia were also under pressure after disappointing industrial production figures from China.
Ahead of the opening bell, futures for the Dow Jones Industrials docked nine points, or 0.1%, 16,897. Futures for the S&P 500 shed 2.25 points, or 0.1%, at 1,974.50, and futures for the NASDAQ fell 2.25 points, or 0.1%, to 4,059.75
Attorney Ken Feinberg will announce Monday how many deaths and injuries he has so far tied to General Motors' ignition switch flaw. GM has publicly linked 13 deaths and 54 accidents to the fault, but the National Highway Traffic Safety Administration have said they believe the numbers to be higher.
Any major surprise in the numbers from Feinberg could influence trading in GM shares Monday.
Shares in Yahoo were rising by nearly 3% pre-market as investors get excited about the upcoming Alibaba market debut. Yahoo is the second-largest holder of Alibaba equity, which means it's lined up for a big payout when the Chinese e-commerce giant begins trading in New York. Yahoo's stock has surged by over 11% since the start of the month.
Dutch brewer Heineken has turned down a takeover bid from beer giant SABMiller. The brewer, which is one of the few family-controlled firms left in the business, said it hopes to preserve the company's "heritage and identity" by remaining independent.
Oil prices fell 92 cents to $91.35 U.S. a barrel
Gold prices hiked $5.50 to $1,237.00 U.S. an ounce.
