RTTNews - Canadian stocks will look to bounce back in Monday morning trading after slumping notably last week. A rise in commodity prices could provide a spark on Bay Street.
Crude oil prices have rebounded above $60 after a sharp sell-off last week. Light sweet crude for August delivery has added 71 cents to $60.60 per barrel.
Copper has also added nearly 1%, rising 2.2 cents to $2.2335. Gold is up $1.70 at $914.20 per ounce.
In corporate news, ADF Group (DRX.TO) announced that it has been granted a major contract of C$77 million in the North America's public infrastructure sector.
Nortel Networks (NT.TO) said it was selected by Czech Railways to provide wireless communications to International Railway Corridor IV between Austria and Poland.
Couche-Tard (ATD.A.TO) is expected to report quarterly earnings during business hours today. Later in the week, Corus Entertainment (CJR.B.TO) and Nexen (NXY.TO) are among those on the earnings calendar.
On Friday, the S&P/TSX Composite Index slipped 26.79 points or 0.27% to end at 9,747.13. The main index lost 535.97 points for the week.
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