Dec 19 Canada stock futures were slightly higher
on Monday as a weaker dollar and delay of new Libyan oil exports
propped up crude prices.
Investors will also look for comments from U.S. Federal
Reserve Chair Janet Yellen's speech at the University of
Baltimore, less than a week after the Fed raised interest rates
for only the second time since the financial crisis.
March futures on the S&P TSX index were up 0.08
percent at 7:15 a.m. ET.
Canada's main stock index rose on Friday as higher oil
prices boosted heavyweight energy stocks and gold miners
recovered as the price of bullion steadied.
Dow Jones Industrial Average e-mini futures were up
0.13 percent at 7:15 a.m. ET, while S&P 500 e-mini futures
were up 0.09 percent and Nasdaq 100 e-mini futures
were up 0.09 percent.
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Toronto-based insurance group Fairfax Financial Holdings Ltd
has agreed to buy Swiss insurer Allied World Assurance
Company Holdings AG for $4.9 billion in cash and stock,
the companies said on Sunday.
BlackBerry Ltd will open an autonomous driving
research center as it tries to make itself an indispensable
under-the-hood piece of the automotive industry's weaponry in
the self-driving vehicle arms race.
Private equity firm Onex Corp said on Friday it
has agreed to acquire caravan holiday parks operator Parkdean
Resorts for C$2.25 billion.
ANALYST RESEARCH HIGHLIGHTS
Bombardier : Goldman Sachs raises target price to
C$1.91 from C$1.81
Emera Inc : Barclays cuts target price to C$51 from
Yamana Gold : BMO cuts rating to "market perform"-
COMMODITIES AT 7:15 a.m. ET
Gold futures : $1,138.5; +0.23 pct
US crude : $52.08; +0.35 pct
Brent crude : $55.39; +0.33 pct
LME 3-month copper : $5,565.50; -1.24 pct
U.S. ECONOMIC DATA DUE ON MONDAY
0945 Markit Composite Flash PMI for Dec: Prior 54.90
0945 Markit Services PMI Flash for Dec: Prior 54.6
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory
(Reporting by Nivedita Balu in Bengaluru; Editing by Anil