Canada's main stock index futures slipped, after last week’s stronger-than-expected U.S jobs data bolstered expectations of an imminent Federal Reserve interest rate hike.
The S&P/TSX composite index sank 5.48 points to end Friday and the week at 13,553.30
The Canadian dollar moved up 0.28 cents to 75.45 cents U.S. early Monday
Bombardier said on Sunday it is on track to certify its new CS100 regional jet, which is making its Middle Eastern debut at the Dubai Airshow this week, before its planned entry into service next year.
Canadian Natural Resources said it will sell a part of its royalty assets to PrairieSky Royalty Ltd in a cash-and-stock deal worth $1.8 billion, as the oil producer sheds assets to weather a slump in crude prices. PrairieSky will pay $680 million in cash and about 44.4 million in stock valued at C$25.20 per share,
TransCanada Corp will keep pressing to build the Keystone XL oil pipeline from Canada to the United States despite the Obama administration's rejection, but skeptical investors suggested it focus on a controversial all-Canadian alternative.
TransCanada is also developing the Energy East pipeline, designed to move 1.1 million barrels per day of western crude to Canada's East Coast, although it too faces opposition from environmentalists trying to halt industry expansion.
Goldman Sachs sold 1.3 million shares of Valeant Pharmaceuticals on Thursday, a day when the drug company's shares fell as much as 20%, because they were securing loans made to Valeant CEO Michael Pearson that needed to be paid.
CIBC raised the price target on Enerplus Corp to $10.25 from $9.50 after the company reported third quarter results ahead of expectations.
On the economic front, Canada Mortgage and Housing Corporation said housing starts totaled 206,089 units in October compared to 202,793 in September.
ON BAYSTREET
The TSX Venture Exchange slumped 5.3 points Friday to 534.28
ON WALLSTREET
U.S. stock futures are dipping down and international stock markets are mixed as investors figure that the U.S. Federal Reserve is set to hike interest rates next month, which will have a knock-on effect on bond yields and currencies around the world.
Ahead of the opening bell, futures for the Dow Jones sank 40 points, or 0.2%, to 17,803, futures for the S&P 500 dipped 0.25 points to 2,093.5, and futures for the NASDAQ were unchanged to 4,703.
Traders are expecting a hike after the October jobs report on Friday came in much stronger than expected.
A number of companies including Hertz Global and Sotheby's are reporting earnings ahead of the open.
After the close, investors will hear from firms such as Lionsgate Entertainment and juice-maker Jamba.
Offshore, shares in Toshiba took a 7.5% dive in Japan after the company posted a staggering loss in the first six months.
Toshiba also said that it was suing five former executives -- three former CEOs and two former CFOs -- over alleged poor oversight that led to a $1.26 billion accounting scandal.
Shares in German air carrier Lufthansa are declining by about 2.5% in Europe after striking staff forced the airline to cancel about 1,000 flights, affecting over 100,000 passengers.
Oil prices hiked 67 cents to $44.96 U.S. a barrel
Gold prices moved up $2.81 to $1,092.61 U.S. an ounce.
