RTTNews - Toronto stocks could see slightly strength in early trading on Monday morning. Commodities prices are slightly higher, while U.S. futures are pointing toward an uncertain open.
Crude oil prices are up 55 cents to $69.71 in electronic trading. Gold has added $1.90 to $942.90 per ounce and copper is up 2.5 cents to $2.334 a pound.
Trading is likely to be light this week with Bay Street markets closed on Wednesday for Canada Day and U.S. markets closed next Friday for Independence Day. On Tuesday, traders will watch for Canadian gross domestic product data.
On the corporate front, Tim Hortons (THI.TO) has applied to become a Canadian company, in an effort to save taxes. The vast majority of the doughnut chain's nearly 3,500 restaurants are in Canada.
Bombardier (BBD.B.TO) workers voted to accept the a labor contract and avoided a strike. A total of 84% of workers voted in favor of the contract, according to Bloomberg.
Friday after the bell, SNC-Lavalin Group Inc. (SNC.TO) announced the pricing of an aggregate principal amount of $350 million 6.19% debentures.
Terra Energy Corp. (TT.TO) said it has received written consent from holders of more than 50% of its common shares to the previously announced offering.
On Friday, the S&P/TSX Composite Index edged up 33.91 points or 0.32% to end at 10,389.76. This marks the market's highest close since June 15.
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