Futures tracking Canada's blue-chip stocks were little changed on Monday after the benchmark index rose in the prior session as a soft U.S. jobs report cut the odds of an imminent rate hike by the Federal Reserve.
The TSX had gained 347.89 points, or 1%, by the close Friday 35,502.65. The index was behind on the week, 482 points, or 1.3%.
The Canadian dollar was flat at 70.15 cents U.S.
December futures were also unchanged Monday morning.
Among company news, Suncor Energy said it had agreed to sell its interests in three offshore oil assets to London-based Ithaca Energy for $1.2 billion in upfront cash.
Cenovus ?Energy said it would acquire Athabasca Oil in a cash-and-stock transaction valuing the oil producer at an implied enterprise value of $5.7 billion.
ON BAYSTREET
The TSX Venture Exchange regained 1.79 points to 880.57, still trailing last Friday’s close by 40 points, or 4.3%.
ON WALLSTREET
Stock futures fell early Monday as traders eyed U.S. Treasury yields and global oil prices ahead of the Federal Reserve’s latest meeting minutes release due later in the week.
Futures for the Dow Jones Industrials dipped 33 points, or 0.1%, Monday to 51,444.
Futures for the S&P 500 faded 45 points, or 0.1%, to 7,782.75.
Futures for the NASDAQ Composite removed 37.5 points, or 0.1%. to 31,024.
On Monday, investors will also be watching the Institute for Supply Management’s services activity report.
Stocks are coming off a week defined by surging Treasury yields and a surprisingly lackluster jobs report that helped ease concerns about another Fed rate hike this month. The data provided some relief after a week of pressure from rising bond yields.
In Japan, the Nikkei 225 hiked 2.4%, while in Hong Kong, the Hang Seng gained 0.3%.
Oil prices hesitated 99 cents to $90.12 U.S. a barrel.
Gold prices hiked $27.00 to $4,189.30 U.S an ounce.
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