TSX and TSX-V higher into close
Wall Street futures ahead
US markets closed for Martin Luther King day
Toronto shares were higher into the close, with the TSX up almost 70 points at 16,378.
The Venture Exchange was also higher, up around 15 points, or 1.765 to 893.63.
Wall Street futures ahead of the re-open tomorrow after the Martin Luther King day holiday are also higher. The Dow Jones is up 136; the S&P 500 5.75 ahead and the Nasdaq up five points.
Toronto stocks were ahead at mid-session withe TSX up over 45 points at 16,353.
The TSX-V is up over 14 points at 892.89 at the time of writing, with cannabis stocks and miner doing well.
Canada stock started higher on Monday as Wall Street is closed for Martin Luther King day.
The TSX is up over 35 points at 16,343, while the venture exchange is also ahead - up almost five points at 883.16.
One firm in focus in early deals is EnerDynamic Hybrid Technologies Corp (CVE:EHT), which has struck a joint venture agreement with Brieke Family Assets to manufacture its ENERTEC panels and solar systems for sales and distribution in Puerto Rico and the U.S. Virgin Islands.
US stock futures are still racing ahead pointing to a further record rally when Wall Street opens again tomorrow. Dow Jones futures are up 171 at 25,971, while the S&P 500 is 5.75 ahead at 2,794.
The Nasdaq is 2.50 ahead at 6,777.
US crude is up 0.61% to US$ 64.70 a barrel.
Wall Street is closed today for Martin Luther King Day to mark the legacy and life of the civil rights campaigner.
Markets in Toronto will be open though futures trade is pointing to a lower open for the S&P TSX index, the biggest Canadian index, which is down 0.11%, on the back of lower oil prices.
The TSX Composite Index closed on Friday up 21.24 points to end the first full week of the year at 16,308.18.
US crude - West Texas Intermediate - slipped a bit on the day, down 0.08% to US$64.25 a barrel. It comes as the black gold fell a bit on signs that production cuts by the global cartel OPEC, and Russia are finally filtering through and constraining supplies.
On Wall Street shares also closed higher, with the Dow Jones average up 228 points to 25,803 while the S&P 500 index was up 19 at 2,786.
The Dow was up more than 2% on the week, while the S&P 500 advanced 1.6%. The tech heavy Nasdaq added over 49 points to close at 7,261.
US futures are pointing higher today for when the market re-opens after the holiday.
Stocks in Toronto were buoyed at the week's end by information technology shares and gold stocks, and the Canadian dollar shot up 0.35 cents to 80.2 US cents.
In the materials sector, Agnico Eagle Mines Ltd ( TSE:AEM) added 1.5%, to C$58.90.
Tech stocks were also notable gainers with BlackBerry (TSE:BBRY) shooting up 1%, to $16.99 a share.
On Monday, Wall Street shares may be closed but the US dollar is still a market in focus, and it is currently weakened since it emerged on Friday there had been a breakthrough in coalition talks in Germany.
“German politics aside, the dollar is in trouble across the board with the greenback down against all of its G20 counterparts, with the Euro and Pound both profiting from the negativity," said James Hughes, market analyst for AXI Trader.
Meanwhile, in cryptoworld, the price of Bitcoin steadied, up US$109 or 0.8%, changing hands at US$13,728.
Bitcoin thus remains the most valuable cryptocurrency with a total market worth of US$231bn.