RTTNews - Bay Street stocks could see early weakness on Monday morning after posting notable gains last week. Trading should be light with U.S. markets closed for Memorial Day.
Energy stocks could fall as crude oil has dropped a little more than 1% in electronic trading. Copper and gold are also modestly lower.
In corporate news, diversified global automotive supplier Magna International (MG.A.TO) Friday said that it along with Sberbank Rossii or Sberbank, has made a non-binding indicative offer to acquire Opel for Euro 700 million, partially backed by German government.
Kabel Baden-Wurttemberg announced that it has selected Nortel (NT.TO) to upgrade its cable network to support the latest VoIP and multimedia services.
Taiga Building Products (TBL.TO) reported a net loss for the fourth quarter of C$4.5 million or C$0.14 per share, compared to a loss of C$3.6 million or C$0.11 per share in the year-ago quarter.
On Friday, the S&P/TSX Composite Index added 43.83 points or 0.44% to finished at 9,993.42. Bay Street's main index rallied about 230 points for the week, which was shortened by Victoria Day. The index hit a multi-month high of 10,365.39 on Wednesday.
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