Credit: Shutterstock photoCanada's benchmark index is likely to open higher on Monday, as oil rose on prospects of producer action to help support prices.
Stock futures for the September quarter on the S&P TSX index were up 0.01% recently.
Both Brent and the WTI were in the green after Russia reportedly confirmed consultations with Saudi Arabia and other producers about achieving market stability. Brent was last up 0.6% at US$47.27/barrel, while the WTI edged up 0.7% to US$44.81/barrel.
The TSX shed 48 points at closing on Friday, weighed down mostly by healthcare and material stocks.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
