CANADA STOCKS-Stock futures point to higher TSX open

Mon Apr 21, 2014 7:32am EDT
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April 17 (Reuters) - Stock futures indicated a higher open for Canada's main stock index on Monday, picking up where the market left off before the long holiday weekend.

June futures on the S&P TSX index <0#SXF:> were up 0.07 percent at 0715 ET.

The index reached its highest in nearly six years on Thursday after positive U.S. economic data drove gains in the price of oil, which in turn lifted shares of oil producers. [ID: nL2N0N91V0]

No major Canadian economic events are scheduled for Monday.

Dow Jones Industrial Average futures were up 0.13 percent at 0715 ET, S&P 500 futures were up 0.15 percent and Nasdaq 100 futures were up 0.28 percent. (Morning News Call newsletter; The Day Ahead newsletter


The talks between Barrick Gold Corp and Newmont Mining Corp over a combination that would create a gold mining behemoth have hit a snag, but two sources close to the situation say the companies remain keen on a deal and discussions are likely to resume.

A takeover battle for Canada's Osisko Mining Corp, involving three of the world's top gold producers, is more than just a testament to the quality of the company's low-cost mine, it also spotlights a shortage of top-class gold assets in politically stable areas of the world.

COMMODITIES AT 0715 ET   Continued...