Futures for Canada's main stock index rose on Monday after U.S. President Donald Trump extended the deadline for trade talks with the European Union, giving a temporary respite to investor concerns over his erratic trade policies.
The TSX Composite Index gained 25.49 points to 25,879.50. Over the last four days of a holiday-shortened week, the index faded 92 points, or 0.36%.
June futures hiked 0.8% Monday.
The Canadian dollar poked 0.12 cents to 72.91 cents U.S.
The sweeping tariffs imposed by Trump since April 2 and the subsequent pauses on some of them have generated uncertainty among investors and companies globally.
Global market sentiment had steadied after Washington's fresh deal with the U.K. and a temporary agreement with China, but Trump's latest move was a reminder that the tariff storm isn't over.
Mining giant Barrick showed it’s a stock to watch out for, having gained 1.1% Friday to open Monday at $26.18.
Merchandizing concern Canadian Tire will have to recover Monday from a rough Friday, in which it lost 0.4%, to open the week at $168.03.
ON BAYSTREET
The TSX Venture Exchange was hoisted 8.11 points, or 1.2%, to 686.66 Friday. The Exchange gained 3.3 points, or 0.48%, on the week.
In Japan, the Nikkei 225 index shot ahead 1% Monday, while in Hong Kong, the Hang Seng lost 1.4%.
Oil prices lost 14 cents to $61.39 U.S. a barrel.
Gold prices doffed $35.50 to $3,330.30 U.S. an ounce.
ON WALLSTREET
Indexes in the U.S. are closed Monday for Memorial Day.
