Futures pointed to a higher opening for Canada's main stock index on Monday, buoyed by a rise in oil prices.
The S&P/TSX Composite Index dropped 60.3 points to end Friday and the week at 15,996.21
The Canadian dollar dipped 0.03 cents to 74.49 cents U.S. early Monday
March futures moved higher 0.3% Monday.
CGI Inc. said it made a 4.32-billion-Swedish-crown ($459-million U.S.) cash offer for Swedish peer Acando.
North American energy traders are reluctant to take up long-term positions on Canadian crude price moves, preferring to stick to spot deals, as uncertainty around government intervention in the market is growing following delays to Enbridge's Line 3 oil pipeline project.
Credit Suisse raised the rating on Hudbay Minerals to outperform from neutral.
Desjardins raised the rating on OceanaGold to buy from hold
CIBC cut the rating on Yangarra Resources to neutral
A statement by Saudi Energy Minister Khalid al-Falih that an end to supply cuts by the Organization of the Petroleum Exporting Countries was unlikely before June lifted oil prices, while a report showed a fall in U.S. drilling activity.
ON BAYSTREET
The TSX Venture Exchange regained 2.87 points Friday to 618.08
ON WALLSTREET
U.S. stock index futures headed for a mixed open on Monday as a sharp drop in Boeing shares was set to drag down the Dow Jones Industrial Average.
Futures for the Dow Jones Industrial Average nosedived 194 points, or 0.8%, at 25,334. Boeing's drop follows the weekend crash of an Ethiopian Airlines 737 Max 8 jet. That is the second crash involving that plane in less than five months.
Futures for the S&P 500 gained 2.75 points, or 0.1%, at 2,754.75
NASDAQ futures gained 18.75 points, or 0.3%, to 7,072.50
Meanwhile, investors will keep an eye on more data out Monday, with retail sales out at 8:30 a.m. ET and business inventories at 10 a.m. ET.
Overseas, in Japan, the Nikkei 225 gained 0.5% Monday, while in Hong Kong, the Hang Seng Index trucked higher 1%
Oil prices picked up 41 cents to $56.48 U.S. a barrel.
Gold prices sank $4.20 to $1,295.10 U.S. an ounce.
