Futures for Canada's main stock index rose on Monday, after a massive sell-off pulled down the market last week.
The S&P/TSX Composite Index slid 35.82 points to close Friday and the week at 14,888.26
The Canadian dollar was unchanged at 76.35 cents U.S. early Monday
December futures galloped 0.9% Monday
Sources say Bank of Nova Scotia has hired four people for its metals business in New York after losing six traders and salesmen who defected to rival Canadian lender Bank of Montreal last month.
CIBC raised the price target on Aecon Group to $21 from $20
Canaccord Genuity raised the price target on Interrent REIT to $13.5 from $12
Jefferies cut the price target on Roots Corp. to $11 from $14
ON BAYSTREET
The TSX Venture Exchange lost 3.04 points Friday to 643.58
ON WALLSTREET
U.S. stock index futures pointed to a sharply higher open Monday as Wall Street tries to regain its footing, though concerns over corporate earnings and global growth linger.
Futures for the Dow Jones Industrials hiked 141 points, or 0.6%, to 24,887
S&P 500 futures spiked 25 points, or 0.9%, to 2,694.50, while futures for the NASDAQ composite rocketed 83.5 points, or 1.2%, to 6,976.75.
The moves in pre-market trade come after a 3% drop on the Dow last week, which was capped off by a decline of nearly 300 points on Friday. The S&P 500 downed 3.9%, and NASDAQ dropped 3.8%.
Worries over a possible slowdown in corporate earnings growth, as well as in the global economy, sent the major indexes down sharply. Last week's losses add to what has already been a tumultuous month for stocks. The Dow is 6.7%, to the negative and S&P 500 is down 8.8%.
The NASDAQ, meanwhile, has lost 10.9%
Tech giants Amazon and Alphabet reported quarterly results last week that disappointed investors, sending their stocks down. This week, Dow members Coca-Cola, Apple and DowDuPont are among the companies set to report.
First Data, Booz Allen and Bloomin' Brands were among the companies that reported Monday morning. Shares of First Data dropped 9.3% after posting weaker-than-expected earnings.
Overseas, renewed fears about China's slowing economy sent the Shanghai Composite slumping more than 3% overnight. Chinese economic data, released over the weekend, exacerbated concerns of a cooling economy as profit growth at its industrial firms slowed for a fifth straight month in September.
On the U.S. data front, personal income and consumer spending figures for September are scheduled to be published at around 8:30 a.m. ET. Later in the session, Dallas Fed manufacturing data for October is set to be released.
Overseas, in Japan, the Nikkei 225 retreated 0.2% Monday, while in Hong Kong, the Hang Seng index changed course and actually gained 0.4%.
Oil prices faded 15 cents to $67.44 U.S. a barrel.
Gold prices slid $4.60 to $1,231.20 U.S. an ounce.
