Futures for Canada’s commodity-heavy main stock index fell on Monday, dragged down by subdued gold prices, as a stronger U.S. dollar and hopes for a swift global economic recovery dented the precious metal’s safe-haven demand.
Spot gold XAU= fell 0.26% to $1727.3 per ounce, while gold futures GCc2 slipped 0.41% to $1725.2.
The June futures contract for the S&P/TSX index SXFc1 was down 0.33% by 7:00 a.m. ET.
The Toronto Stock Exchange’s S&P/TSX composite index .GSPTSE ended 0.54% higher at 18,752.58 on Friday.
Dow Jones Industrial Average e-mini futures 1YMc1 were down 0.42% at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.39% and Nasdaq 100 e-mini futures NQc1 inched lower by 0.2%..N
Canadian miner Teck Resources TECKb.TO on Friday pleaded guilty to two charges of violation under the country’s Fisheries Act and said will pay a penalty of C$60 million ($47.67 million).
ANALYST RESEARCH HIGHLIGHTS RCH/CA
Lassonde Industries Inc LASa.TO: National Bank Of Canada raises target price to C$186 from C$182
AGF Management Ltd AGFb.TO: Scotiabank raises target price to C$8 from C$7.5
Altius Minerals Corp ALS.TO: Scotiabank raises target price to C$17 from C$16
COMMODITIES AT 7:00 a.m. ET
Gold futures GCc2: $1725.2; -0.41% GOL/
US crude CLc1: $61.39; +0.69% O/R
Brent crude LCOc1: $65.18; +0.91% O/R
