Feb 25 () - Futures pointed to a higher opening for Canada's main stock index on Monday on renewed hopes of a trade deal between the United States and China, after U.S. President Donald Trump said he would delay raising tariffs on Chinese imports.
Trump said he would meet Chinese President Xi Jinping to seal a deal if progress continued, hinting that the world's two biggest economies are closing in to end the trade war.
March futures on the S&P/TSX index were up 0.28 percent at 7:00 a.m. ET.
Dow Jones Industrial Average e-mini futures edged up 0.55 percent at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.41 percent and Nasdaq 100 e-mini futures were up 0.59 percent.
Barrick Gold Corp offered to buy U.S. rival Newmont Mining Corp for nearly $18 billion in stock, in a deal that would combine the world's two largest gold producers.
ANALYST RESEARCH HIGHLIGHTS
Canfor Corp: RBC cuts price target to C$21 from C$23.
Magna International Inc: J.P. Morgan cuts to underweight from neutral.
Saputo Inc: National Bank of Canada raises price target to C$46 from C$44.
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1,329.1; -0.05 pct
US crude: $57.13; -0.23 ct
Brent crude: $66.72; -0.6 pct
U.S. ECONOMIC DATA DUE ON MONDAY
0830 National Activity Index for Jan: Prior 0.27
1000 Wholesale inventory, R mm for Dec: Expected 0.2 pct
1000 Wholesale sales mm for Dec: Prior -0.6 pct
1030 Dallas Fed Manufacturing Business Index for Feb: Prior 1.00