Bay Street Likely To Open On Positive Note
(RTTNews) - Higher U.S. and Canadian futures and rising metal prices point to a positive start on Bay Street Monday morning.
The focus will also be on Canadian economic and earnings data.
West Texas Intermediate Crude oil futures are down $0.37 or 0.65% at $57.17 a barrel.
Gold futures are gaining $96.35 or 2.3% at 4,309.65 an ounce, while Silver futures are up $1.076 or 2.15% at $51.180 an ounce.
The Canadian market ended sharply lower on Friday, extending losses from the previous session, as investors assessed the headwinds to the economy after U.S. attempts to pull businesses from Canada back to the U.S. amid the central bank governor's cautious remarks on the effect of tariffs.
The benchmark S&P/TSX Composite Index traded settled with a loss of 350.32 points or 1.15% at 30,108.48.
Asian stocks closed on a firm note on Monday, tracking Friday's gains on Wall Street amid easing tensions between the U.S. and China.
The major European stocks are up today, with defense stocks turning in a fine performance amid geopolitical tensions. Easing U.S.-China trade tensions also help keep investor sentiment positive.
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