Stock futures pointed to a lower opening for stocks in Toronto on Monday on concerns about whether Greece can reach an agreement with creditors to secure fresh funds.
The S&P/TSX composite index strengthened 67.62 points to conclude Friday at 14,941.55, up 210 points, or 1.4%, on the week. June futures were off 0.1% early Monday.
The Canadian dollar fell back 0.08 cents to 79.67 cents U.S. early Monday.
A recent analysis has found that Canadian National Railway's safety record deteriorated sharply in 2014, reversing years of improvements, as accidents in Canada blamed on poor track conditions hit their highest level in more than five years.
CIBC raised the price target on AGF Management to $7.75 from $7.25.
CIBC then cut the price target on AutoCanada to $45 from $71
HSBC cut the rating on Pacific Rubiales to underweight from neutral
ON BAYSTREET
The TSX Venture Exchange rallied 3.41 points Friday to 670.50
ON WALLSTREET
U.S. stock futures are pointing down and most European markets are firmly in negative territory.
Ahead of the opening bell, futures for the Dow Jones Industrials dropped three points to 18,030. Futures for the S&P 500 dipped 0.75 points to 2,098.50, and futures for the NASDAQ fell 0.75 points to 4,446.50.
Shares in both Monsanto and Gilead Science are declining by about 2%.
Monsanto shares are dipping after the World Health Organization reportedly published a research paper saying the firm's weed killer Roundup probably causes cancer. Monsanto countered the claims, saying its products are safe and meet regulatory standards.
Shares in Gilead Sciences are expected to open in negative territory after the company reportedly sent an email to healthcare workers warning that patients taking its hepatitis C drug could be at risk of serious heart problems if they are also taking another type of heart medication.
The National Realtors Association will report on existing U.S. home sales made in February at 10 a.m. ET
Greece's new Prime Minister Alexis Tsipras is meeting Germany's Chancellor Angela Merkel Monday to discuss Greece's financial crisis. The results of the talks could influence market movements across Europe.
Tsipras has warned Merkel that it will be "impossible" for Greece to pay its debts in the coming weeks without further financial assistance from Germany and its international partners. Europe wants Greece to deliver on promised reforms before releasing any more funds.
Oil prices dropped 44 cents to $46.13 U.S. a barrel
Gold prices eased 50 cents to $1,184.10 U.S. an ounce.
