Canadian stock index futures edged up on Monday, tracking global stock markets, as a drop in oil prices eased inflation worries and lifted investor sentiment.
The TSX Composite Index vaulted 308.17 points to end Friday at 35,274.84. On the week, the index leaped 294.84 points, or 0.84%.
The Canadian dollar nicked lower 0.01 cents at 70.32 cents U.S.
September futures grabbed 0.2% Monday.
Separately, Prime Minister Mark Carney is set to announce the preferred bidder for a contract to build 12 submarines for Canada's navy, the Globe and Mail reported.
The two contenders for the contract are German-Norwegian firm Thyssenkrupp Marine Systems. and South Korean shipbuilder Hanwha Ocean.
Meanwhile, the Bank of Canada is seen keeping interest rates on hold this year, with the next policy decision due on July 15.
ON BAYSTREET
The TSX Venture Exchange was up 23.9 points, or 2.6%, to 938.28 Friday, for a gain on the week of 42.44 points, or 4.7%.
ON WALLSTREET
S&P 500 futures maintained their positive momentum on Monday following a strong week on Wall Street that saw the Dow Jones Industrial Average reach record highs.
Futures for the 30-stock index were down 41 points, or 0.1%, to 53,142.
Futures for the much broader index gained 32 points, or 0.4%, to 7,560.25
Futures for the NASDAQ Composite hiked 324.25 points, or 1.1%, to 29,880.25
Equity markets in the United States were closed Friday due to the 4th of July holiday.
Tech stocks rose broadly in early trading, led by a 3% climb in Western Digital and a 4% jump in Teradyne. Marvell Technology advanced 3% and Oracle gained more than 2%.
In Japan, the Nikkei 225 was unchanged Monday, while in Hong Kong, the Hang Seng gained 1.1%.
Oil prices dipped 12 cents to 68.57 cents U.S. a barrel.
Gold prices shone brighter $41.70 to $4,167.4.30 U.S an ounce.
Related Stories
