Futures for Canada's main stock index moved higher on Monday, supported by higher commodity prices, while investors awaited U.S., Canada inflation data for more clues on the timing of interest rate cuts.
The TSX jumped 120.08 points to close Friday at 22,320.87. On a short week, the TSX docked 144 points, or 0.64%. Markets in Canada were closed last Monday for Victoria Day.
The Canadian dollar forged 0.07 cents at 73.27 cents U.S.
June futures were up 0.2% Monday.
Meanwhile, the energy and materials index are expected to rise at open, owing to higher prices of most commodities.
Investors braced for Canada's producer prices data for the month of April, due Tuesday, along with country's first-quarter GDP figures, scheduled for Friday.
In Japan, the Nikkei 225 tacked on 0.7%, while in Hong Kong, the Hang Seng index gained 1.2%.
Oil prices fell 24 cents to $76.03 U.S. a barrel.
Gold prices brightened $2.50 to $2,339.76 U.S. an ounce.
ON BAYSTREET
The TSX Venture Exchange recovered 6.12 points, or 1%, Friday to 607.95, but suffered a loss on the week of 7.22 points, or 1.17%.
ON WALLSTREET
American markets were closed Monday for Memorial Day
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