Futures pointed to a higher opening for Canada's main stock index on Monday as investors' optimism improved on a report that the United States and China are set to begin negotiations on trade.
The S&P/TSX Composite Index tumbled 176.19 points, or 1.1%, to close the day and week at 15,223.74
The Canadian dollar gained 0.25 cents to 77.57 cents U.S. early Monday
June futures sprinted 0.8% Monday.
Barrick Gold cut the 2017 compensation for its top two executives to reflect a challenging "shareholder experience" and operations at some mines.
CIBC cuts target price on AGF Management to $8 from $8.50, saying that market volatility may override the company's first-quarter results.
Barclays raised the price target on Dollarama to $154.00 from $151.00, stating that the company continues to represent a simple, visible and (most importantly) low-risk growth story to investors, especially in today’s quickly changing retail environment.
ON BAYSTREET
The TSX Venture Exchange stayed afloat 0.72 points Friday to 824.62
ON WALLSTREET
U.S. stock index futures posted major gains ahead of Monday's open, bouncing back from the sharp losses seen during Friday's session.
Futures for the Dow Jones Industrial Average hiked 320 points, or 1.4%, to 23,932
S&P 500 futures leaped 35.25 points, or 1.4%, to 2,633, while futures on the NASDAQ Composite vaulted 111.5 points, or 1.7%, to 6,665.75
Wall Street finished Friday's session deep in the red on Friday, with the Dow Jones industrial average dropping more than 400 points by the close — closing at its lowest level since November and finishing in correction territory, as it was 11.6% down from its 52-week high.
The moves in pre-market trade come after the Financial Times reported China has offered to buy more semiconductors from the U.S. to help cut its trade surplus with the U.S. The Wall Street Journal also reported that U.S. and Chinese officials are working to improve U.S. access to China's markets.
Social media firms continue to be under the radar, as abuse of people's data remains a key topic of discussion. Last week, reports emerged alleging that Cambridge Analytica, an analytics company, had gathered data from 50 million Facebook profiles without the permission of its users. While Facebook have since come out to apologize and try to rectify the matter, concerns remain.
On the data front, the Dallas Fed's Texas Manufacturing Outlook survey is expected to come out at 10:30 a.m. ET.
Meanwhile, European stocks were slightly higher approaching noon on the continent. In Japan, the Nikkei 225 gained 0.7%, while in Hong Kong, the Hang Seng Index increased 0.8%.
Oil prices settled 18 cents to $65.70 U.S. per barrel.
Gold prices dipped $2.20 to $1,347.70 U.S. an ounce.
