Stock futures pointed to a slightly higher start for equity markets in this country on Monday as oil prices rose.
The S&P/TSX Composite gained 119.99 points to close Friday and week at 14,648.77, with September futures nosing up 0.1% Monday.
The Canadian dollar added 0.16 cents to 76.06 cents U.S. early Monday
Bank of Nova Scotia has applied to Taiwan's financial regulator to exit the local market as part of a strategy shift in the Asia Pacific region
CIBC raises target price on AutoCanada Inc. to $24 from $22
National Bank Financial raised the rating on Bombardier to outperform from sector perform
NBF raised the rating on Slate Office REIT to outperform from sector perform
On the economic scene, Statistics Canada reported that municipalities issued building permits worth $6.4 billion in June, down 5.5% from the previous month. Lower construction intentions for multi-family dwellings and institutional buildings were mostly responsible for the decline
ON BAYSTREET
The TSX Venture Exchange dipped 0.73 points Friday to 806.69
ON WALLSTREET
Wall Street stock indexes looked set to open higher on Monday, tracking Asian and European markets, after the better-than-expected U.S. non-farm jobs number on Friday.
Ahead of the opening bell, futures for the Dow Jones Industrials gained 20 points or 0.1%, to 18,474, while futures for the S&P 500 hiked 2.5 points, or 0.1%, at 2,179.25. NASDAQ futures took on 8.25 points, or 0.2%, to 4,791.25
No major economic data is due from the U.S. on Monday. The heavy part of earnings season is behind investors, but Dean Foods, Sotheby's and News Corp posted quarterly results on Monday.
Delta shares will be worth watching on Monday as a system-wide computer failure delayed thousands of airline passengers around the world.
Meanwhile, Wal-Mart is set to buy online retailer Jet.com, according to media reports citing sources familiar with the transaction, and AmazonJapan has been raided on suspicion of antitrust practices, according to local media reports.
Oil prices gathered 87 cents to $42.67 U.S. a barrel
Gold prices dropped three dollars at $1,366.70 U.S. an ounce.
