Stock futures pointed to a lower opening for Canada's main stock index as oil prices fell to near four-month lows, putting pressure on energy shares.
The S&P/TSX composite index faded 79.13 points to end the day and week at 14,186.24
The Canadian dollar nicked higher 0.13 cents to 76.78 cents U.S. early Monday
Restaurant Brands International Inc., the company formed out of Burger King's takeover of Canadian coffee and doughnut chain Tim Hortons, reported a net profit attributable to shareholders of $9.6 million, or five cents per share, for the three months, compared with a loss of $8.1 million, or four cents per share, in the first quarter. Revenue rose nearly 12% to $1.04 billion.
Canaccord Genuity cut the price target on AutoCanada Inc. to $3.00 from $42.00 ahead of its second-quarter reports Thursday, expects the company to report EPS below consensus.
National Bank Financial raised the rating on First National Financial Corp. to outperform from sector perform, believes the company is best positioned to shake off bearish sentiment towards the industry.
Capital Power Corporation expects to report Q2 earnings of 20 cents per share today.
PrairieSky Royalty also reports, projecting Q2 earnings of 17 cents per share
ON BAYSTREET
The TSX Venture Exchange lost 5.61 points Friday to 592.49.
ON WALLSTREET
Another savage drop for China stocks is spreading plenty of investor anxiety on Monday.
Ahead of the opening bell, futures for the Dow Jones Industrials sank 117 points, or 0.7%, to 17,406, futures for the S&P dipped 12 points, to 2,065.5, and futures for the NASDAQ faded 34.25 points, or 0.8%, to 4,527.50.
The Shanghai Composite closed down 8.5%, leading a sea of red across markets in Asia and Europe.
Restaurant Brands International, which owns Burger King and Tim Hortons, is among the firms reporting ahead of the open.
This afternoon, another round of companies including Rent-A-Center, will report quarterly earnings.
On the economics front, the U.S. Census Bureau reports June durable goods orders at 8:30 a.m. ET. Orders were down in May mainly due to a drop in aircraft purchases, though other manufactured good sold well.
Fears of a bigger crash in China stock markets are rising after Monday's plunge, a return of wild trading following two weeks of relative calm.
Germany's DAX index dropped 1.3% despite an upbeat report on business sentiment. France's CAC index shed 1.4%. The Greek stock market stayed shut as regulators try to figure out how to resume trading while financial transactions remain limited due to the country's debt crisis.
Asian markets ended deep in the red.
China's tech-heavy Shenzhen index plunged 7% and Hong Kong's Hang Seng index tumbled 3.1%. Japan's Nikkei index closed down 1%.
Beijing took a series of steps to stop a market rout in late June and early July - including cutting interest rates and suspending new IPOs - which appeared to be working, until Monday.
The concern is that trouble in China -- the world's second largest economy -- will pull other major economies, like the U.S. down with it.
Oil prices sank 51 cents to $47.63 U.S. a barrel
Gold prices gained $6.90 at $1,092.40 U.S. an ounce.
