Futures for stocks in Canada’s largest market were on track to open higher on Monday, as energy shares were helped by a steady rise in oil prices.
The S&P/TSX Composite Index fell 61.78 points to close Friday and the week at 16,393.95
The Canadian dollar gained 0.15 cents at 76.64 cents U.S. early Monday
September futures gained 0.3% Monday
First Quantum Minerals is scheduled to release second-quarter results after the close of markets.
Australia's Jervois Mining has bought almost 5% of shares in Ecobalt Solutions, which is developing a high-grade cobalt mine in the United States, days after two of its biggest shareholders called for management overhaul.
RBC raised the target price on Agnico Eagle Mines to $55 from $49
RBC cut the rating on Barrick Gold to sector perform from outperform
CIBC raises price target on to Morneau Shepell to $29.00 from $27.25
ON BAYSTREET
The TSX Venture Exchange gained 2.25 points Friday to 707.37
ON WALLSTREET
U.S. stock index futures pointed to a muted open on Monday as Wall Street pored through the latest batch of corporate earnings.
Futures for the Dow Jones Industrials picked up 48 points, or 0.2%, to 25,462.
S&P 500 futures poked up one point to 2,822.50, while futures for the NASDAQ composite inched up 3.25 points to 7,304.50.
Caterpillar reported better-than-expected earnings and revenue, sending its shares up by 3.3%in the pre-market. The Dow component also raised its full-year earnings outlook.
Bloomin' Brands, First Data and Seagate also posted stronger-than-forecast quarterly profits. AK Steel is scheduled to report Monday after the close.
While no speeches by the Federal Reserve are scheduled to take place Monday, investors will be gearing up for the latest Federal Open Market Committee (FOMC), which is due to take place Tuesday and Wednesday.
In data, pending homes sales are due out at 10 a.m. ET, followed by the Dallas Fed's manufacturing survey at 10:30 a.m. ET.
This comes just days after the advance reading of the U.S.' gross domestic product (GDP) for the second quarter, which showed Friday that the economy had grown by 4.1% in line with estimates.
Overseas, in Japan, the Nikkei 225 subsided 0.7%, while in Hong Kong, the Hang Seng index lost 0.3%.
Oil prices gathered $1.35 to $70.04 U.S. a barrel.
Gold prices fell $2.50 to $1,220.50 U.S. an ounce.
