Canada Markets open in 5 hrs 19 mins

Futures Point Upward in Toronto

Baystreet.ca
Canada's main stock index looked set to open higher on Monday, with increasing U.S. drilling activity ...

Canada's main stock index looked set to open higher on Monday, with increasing U.S. drilling activity supporting a rise in oil prices

The S&P/TSX Composite Index gained 23.82 points to conclude Friday and the week at 15,983.32, still about 230 points lower than where it left off 2017.

The Canadian dollar inched up 0.05 cents to 78.38 cents U.S. early Monday

June futures gained 0.2% Monday

Aurora Cannabis Inc will buy rival MedReleaf Corp for $3.2 billion, adding to what is already the biggest of Canada's quickly expanding marijuana producers.

Brookfield Asset Management made a $3.3-billion approach for Australian hospital group Healthscope, trumping a local buyout proposal and sending shares of the target up to a two-year high on Monday.

National Bank of Canada resumed coverage on Metro Inc. with a sector perform rating

CIBC cut the rating on Total Energy Services to neutral from outperform.

ON BAYSTREET

The TSX Venture Exchange gained 8.23 points, or 1.1%, Friday to 782.92

ON WALLSTREET

U.S. stock index futures pointed to gains at the open Monday, amid hopes of a potential breakthrough in trade tensions between the world's two largest economies.

Futures for the Dow Jones Industrial Average jumped 56 points, or 0.2%, to 24,879

S&P 500 futures gained four points, or 0.2%, to 2,733.50, while futures for the NASDAQ composite index improved 14 points, or 0.2%, to 6,974

Meanwhile, more earnings are scheduled to be released in the U.S. on Monday. Nissan was poised to release its latest figures before the opening bell, while Invitation Homes and Switch were among the major firms set to report earnings later in the session.

The moves in pre-market trade followed comments from President Donald Trump over the weekend, in which he pledged to help Chinese technology firm ZTE Corp to "get back into business, fast" after a U.S. ban had significantly hampered the Asian company.

Trump's tweet on Sunday came ahead of second round of trade talks between the U.S. and China this week. Trade officials are seeking to find a way to resolve an ongoing trade dispute, although Beijing has already said it will not change its current position over the coming days.

In Japan, the Nikkei 225 acquired 0.5%, while in Hong Kong, the Hang Seng index took on 1.4%.

Oil prices gained five cents to $70.75 U.S. per barrel.

Gold prices dropped $1.30 to $1,319.40 U.S. an ounce.