Canada's main stock index futures slipped, pressured by weak commodity prices and subdued investor confidence.
The S&P/TSX composite index regained 39.9 points to close Friday and the week at 13,378.57
The Canadian dollar slipped 0.19 cents at 74.82 cents U.S. early Monday
BlackBerry’s decision to roll out a smartphone powered by Google's Android platform was hotly debated internally but the gamble is necessary to test whether the company's handset business is viable, Chief Executive John Chen said on Friday.
BlackBerry confirmed it planned to introduce an Android smartphone later this year, even as it also reported weaker-than-expected quarterly results. The move marks a shift away from its own BlackBerry 10 platform, which failed to regain market share ceded to Apple Inc's iPhone and a slew of Androidpowered devices.
BMO cut target price on MDA to $87.00 from $96.00 as satellite operators are seeing slower growth in specific regions and U.S. EXIM Bank’s exit from the market.
ON BAYSTREET
The TSX Venture Exchange slid 2.69 points Friday to 541.50
ON WALLSTREET
U.S. stock futures are edging lower and European markets are taking a dip in early trading.
Ahead of the opening bell, futures for the Dow Jones Industrials faded 107 points, or 0.7%, to 16,096, futures for the S&P 500 dipped 12.75 points, or 0.7%, to 1,943.25, and futures for the NASDAQ fell backward 29.75 points, or 0.7%, to 4,183.75.
Oil giant Royal Dutch Shell announced overnight that it would stop all offshore drilling in Alaska for the foreseeable future after a key exploration well did not yield sufficient amounts of oil and gas.
The stoppage comes as oil prices trade around $45 U.S. per barrel -- a level that has squeezed profitability at oil producers around the world.
Shares in Shell are trading sideways in Europe.
Shares in SABMiller are rising by 3% in London as investors hope that the world's largest beer brewer -- Anheuser-Busch InBev -- is set to make a formal takeover offer for its competitor. If regulators allow a takeover of this size, it would be the biggest acquisition in the history of the beer industry, and one of the biggest in the world.
Shares in Volkswagen are heading south again -- down about 6% -- as investors continue to worry about the fallout from its emissions scandal.
Shares in Glencore are down by about 10% -- trading around their lowest level ever -- after the miner sold a nickel mine in Brazil for a disappointing price.
Asian markets ended with mixed results. The standout performer of the day was the Shenzhen index in China, which jumped by 2.4%. On the flip side, the Nikkei 225 index in Japan declined by 1.3%.
Oil prices docked 84 cents to $44.86 U.S. a barrel
Gold prices removed $12.70 to $1,132.90 U.S. an ounce.
