Stock futures pointed to a lower opening for Canada's main stock index on Monday after financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open.
The S&P/TSX Composite Index surrendered 71.92 points to end the day and the week at 15,490.49, with June futures down 0.1% Monday.
The Canadian dollar slid 0.13 cents to 74.85 cents U.S. early Monday.
The Washington Cos said on Sunday it had previously made a proposal to acquire all of the outstanding common stock of mining company Dominion Diamond Corp. for $13.50 a share.
CIBC cut the target price on AutoCanada Inc. to $20 from $22
CIBC raised the target price on BCE Inc. $60 from $59
Desjardins cut the price target on Stella-Jones to $43 from $45
On the economic calendar, Statistics Canada reported that wholesale sales rose 3.3% to a record high $59.1 billion in January. This was the largest monthly percentage gain since November 2009, when the figure jumped 3.8%.
The agency added sales were up in four of seven sub-sectors, representing 55% of total wholesale sales.
ON BAYSTREET
The TSX Venture Exchange moved lower 0.31 points Friday to 810.61
ON WALLSTREET
U.S. stock index futures pointed to a lower open on Monday as traders eye speeches from Federal Reserve officials and digest comments on global trade.
Ahead of the opening bell, futures for the Dow Jones Industrials dipped four points to 20,859. Futures for the S&P 500 fell three points, or 0.1%, to 2,372.25. NASDAQ futures slipped 1.25 points at 5,407.25
Finance ministers and central bank governors of the G-20 failed to agree on a joint communication that supported free and open trade.
Economically speaking, Monday will see the release of the Chicago Fed National Activity Index
European markets were marginally lower by noon on the continent, while Shanghai’s CSI 300 inched up 0.1%, while Hong Kong stocks traveled 0.8% higher. Markets in Japan were closed for holiday.
Oil prices faded 71 cents to $48.07 U.S. per barrel.
Gold prices gained 50 cents to $1,230.70 U.S. an ounce.
