Canada's main stock index pointed to a higher open as euro-zone leaders emerged from-all night talks in Brussels with a deal to keep Greece afloat and part of the euro currency union.
Toronto’s S&P/TSX composite index jumped 132.58 points to close Friday and the week at 14,411.07
The Canadian dollar fell 0.41 cents to 78.58 cents U.S. Monday
Rogers Communications has put The Shopping Channel up for sale and received interest from foreign buyers for the television asset that may fetch over $300 million.
Sterne Agee CRT raised the rating on Bombardier Inc. to neutral from underperform, says although portfolio challenges remain high, risk/reward remain more balanced at the current level.
On the earnings front, Sirius XM reports today, expecting Q3 earnings of seven cents per share.
Neptune Technologies & Bioressources Inc., expects a Q1 loss of five cents per share
ON BAYSTREET
The TSX Venture Exchange added 4.27 points Friday to 640.98
ON WALLSTREET
Markets are cheering Monday after Europe finally reached a deal to bailout Greece.
Ahead of the opening bell, futures for the Dow Jones Industrials hiked 116 points, or 0.7%, to 17,785, futures for the S&P 500 gained 12.75 points, or 0.6%, to 2,081.75, and futures for the NASDAQ added 34 points, or 0.8%, to 4,394.50
It took all night but Europe has struck a deal to rescue Greece. Euro-zone leaders will negotiate a new $96-billion U.S. bailout after the country agreed to enact deep economic reforms under close supervision by its creditors.
The deal -- if ratified -- should prevent a chaotic Greek exit from the euro, an unprecedented event that would have shaken Europe to its core.
Asian markets, some of which closed before the Greek deal was reached, also ended with solid gains.
Stocks in China rebounded Monday, building on solid gains at the end of last week. But Chinese markets are likely to remain volatile this week and investors continue to weigh the impact of weeks of turmoil.
Oil prices surrendered 98 cents to $51.76 U.S. a barrel
Gold prices lost $3.40 at $1,154.50 U.S. an ounce.
