Canadian stocks will look to extend their gains from the previous session Monday morning, but early signals were pointing to a rough open on Bay Street.
On Thursday, the S&P/TSX Composite Index jumped 217.84 points or 2.43% to 9,187.12. Toronto's main index posted its best close since January 8. Markets were closed in observance of Good Friday.
Energy Savings Income Fund said it's in talks to buy Universal Energy Group Ltd. for C$7.05 per share, Energy Savings said today in a Market Wire statement.
Energy stocks could struggle this morning, with the price of oil dropping more than a buck toward the $50 mark.
Friday, the International Energy Agency lowered global oil demand forecast by 1 million barrels per day to 83.4 million barrels a day after a reassessment of GDP assumptions and lower-than-expected demand in the first quarter.
Equinox Minerals Ltd (EQN.TO) said that, at a meeting of the Board of Directors on March 26, 2009, Equinox's Board approved the continuation, amendment and restatement of the company's existing shareholder rights plan.
Saturday, Transport Canada said that it has signed a new information-sharing agreement with RCMP to conduct expanded criminal background checks for workers with access to secure areas at Canada's airports. The agreement was on April 8, within the ten-day deadline given by Canada's Transport Minister, John Baird.
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