Futures linked to Canada's main stock index rose marginally on Monday as crude and metal prices gained, while investors exercised caution ahead of a key U.S. inflation data reading due later this week.
The TSX Composite Index gained 85.69 points to end the day at 22,311.30. The index triumphed 83 points, or 0.4% over a short week following a holiday last Monday.
The Canadian dollar acquired 0.08 cents to 72.87 cents U.S.
September futures on the S&P/TSX index scratched out gains of 0.1% Monday.
In corporate news, South Africa-based gold producer Gold Fields Ltd agreed to buy Canadian Osisko Mining for about $2.16 billion on a fully-diluted basis.
Meanwhile, gold miner Barrick Gold edged past Wall Street estimates for second-quarter profit.
On matters economic beat, building permits in Canada decreased 13.9% to $9.9 billion in June.
ON BAYSTREET
The TSX Venture Exchange lost four points Friday to 537.59, for a loss on the week of nearly 18 points, or 3.2%.
ON WALLSTREET
U.S. equity futures ticked up Monday as investors braced for key inflation data — after almost completely reversing its violent market rout last week.
Futures for the Dow Jones Industrials moved ahead 63 points, or 0.2%, to 39,703.
Futures for the S&P 500 index grabbed 14.5 points, or 0.3%, at 5,384.75
Futures for the NASDAQ advanced 55 points, or 0.3%, to 18,671.
Investors this week hope to get a better sense of the state of the economy after recent fears of a job market slowdown spooked traders and rocked the market. On Tuesday, they’ll be watching the July producer price index report, followed by the consumer price index Wednesday, for more confirmation that price growth has continued to stabilize. July retail sales are also due out Thursday.
In Hong Kong, the Hang Seng index nicked ahead 0.1%, while in Japan, markets were closed for holiday.
Oil prices added 95 cents to $77.79 U.S. a barrel.
Gold prices jumped $7.90 to $2,481.30
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