15.08.2016 14:42:13

Steady Oil May Help Canadian Stocks -- Canadian Commentary

(RTTNews) - Canadian stocks may post modest gains in early dealing Monday, as higher crude prices should give the energy sector a lift.

WTI light sweet crude oil was approaching $45 a barrel on talk of a meeting between Russia and Saudi Arabia to limit production.

The S&P/TSX Composite Index was down slightly Friday, trimming weekly gains after hitting a yearly peak below 15,000.

BlackBerry will be in focus after a ratings upgrade from Raymond James.

Japan's economy stagnated on a quarterly basis, belying expectations for a 0.2 percent expansion.

The annualized GDP rose 0.2 percent, below expectations for 0.7 percent growth.

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