Canada's main stock index futures indicated a higher open as oil prices rose after comments by the Saudi energy minister that the market is heading towards a balance despite signs of slowing demand in Asia.
The S&P/TSX Composite gained 27.8 points Thursday to close a short week at 14,064.54.
The Canadian dollar rocketed 0.3 cents to 77.75 cents U.S. early Monday
Markets were closed in Canada on Friday for Canada Day
A U.S. grand jury has charged a Spanish investor with lying to regulators probing insider trading ahead of an August 2010 hostile bid for Potash Corp of Saskatchewan, even though he had been cleared of charges over his own trading.
National Bank Financial raised the target price on Toromont Industries to $42.00 from $38.00 based on the management that is focused on capital allocation and a health balance sheet.
ON BAYSTREET
The TSX Venture Exchange rocketed 9.34 points, or 1.3%, to finish Thursday at 730.44
ON WALLSTREET
U.S. markets are closed Monday for Independence Day
