It’s shaping up to be a rather muted open on North American equity markets after Friday’s stock surge.
– call it some caution ahead of key economic data south of the border later this week, with both the producer price index and the consumer price index, both key measures of inflation, due out mid-week. That said, Friday’s rally was nothing to scoff at – not only did it end a multi-day slide, the S&P 500 gained the better part of two per cent, while the rate-sensitive Nasdaq Composite made it all the way there to the two per cent mark.
The Financial Times is reporting Barrick CEO Mark Bristow is on the hunt for M&A opportunities, though worth noting he’s already said he’s out on Teck’s metals business. Shares of PacWest are surging in the premarket after the U.S. regional bank declared its business “sound” and slashed its dividend.Notable earnings: Suncor Energy, Tyson Foods, Six Flags Entertainment Corp., Sleep Country Canada, Crew Energy, Chorus Aviation, Finning International, Ag Growth International, PayPal Holdings
Notable Guest: Canadian Business Hall of Fame Inductee: Edward Sonshine, Founder & Chairman, Riocan REIT
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