Slightly Downward Open in Store for TSX

Miners, Energy Stocks in Fore

Futures for Canada's main stock index edged lower on Monday, as oil prices halted their rally on mixed signals over global supply.

The S&P/TSX Composite Index gained 81.06 points, to complete Friday and the week at 16,480.53

The Canadian dollar nicked up 0.06 cents to 75.07 cents U.S. early Monday

June futures gave up 0.04% Monday.

Lundin Mining said it plans to buy one of Yamana Gold's gold-copper mines in Brazil for more than $1 billion.

Officials say Vermilion Energy will drill its first two exploration wells in Croatia in June.

Gulfstream Aerospace and Bombardier are trotting out their longest-range business jets at an Asian air show this week, as they compete for orders from China's growing elite, despite the country's slowing economy.

RBC raised the target price on Alimentation Couche-Tard to $88.00 from $85.00

Eight Capital raised the rating Kirkland Lake Gold to "buy" from "neutral"

Desjardins raised the target price Manulife Financial to $28.00 from $27.00

On the economic calendar, the Canadian Real Estate Association reported home sales via Canadian MLS Systems edged up 0.9% in March following a sharp drop in February, leaving activity near some of the lowest levels recorded in the last six years.

ON BAYSTREET

The TSX Venture Exchange gained 1.23 points Friday to 625.64

ON WALLSTREET

U.S. stock index futures were slightly higher Monday morning, as market participants awaited further earnings reports.

Futures for the Dow Jones Industrial Average gained 10 points to 26,418.

Futures for the S&P 500 slid 0.75 points at 2,911.75

NASDAQ futures fell five points, or 0.1%, to 7,647.25

Corporate earnings will be the biggest focus Monday, with two of the biggest Wall Street banks reporting.

Citigroup and Goldman Sachs will update investors before the bell as well as Charles Schwab and M&T Bank.

On the data front, there will be Empire State manufacturing data Monday morning.

Overseas, in Japan, the Nikkei 225 jumped 1.4% Friday, while in Hong Kong, the Hang Seng Index faded 0.3%.

Oil prices dipped 68 cents to $63.21 U.S. a barrel.

Gold prices $4.30 to $1,290.50 U.S. an ounce.