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Bay Street Likely To Open On Cautious Note

Canadian shares are likely to open on a cautious note on Monday, with investors looking for direction after last week's U.S. jobs data turned out to be somewhat disappointing and data from China showed an unexpected fall in the country's exports in August.

Higher crude oil prices may help push energy stocks and the market up into positive territory.

On Friday, the benchmark S&P/TSX Composite Index ended down 39.48 points, or 0.24%, at 16,535.33. The index touched a low of 16,519.85 and a high of 16,577.72 in the session.

In company news, a report in Bloomberg, citing sources directly familiar with the matter, says senior operating staff working at CannTrust Holding Inc. (TRST.TO)'s Ontario facility late last year brought cannabis seeds from the black market into production rooms, leading to some illicitly-grown pot flowing into the legal market.

Asian markets ended mostly higher on Monday with investors picking up stocks, betting on further stimulus from global central banks after recent data showed weaker than expected U.S. jobs growth and weak export numbers from China.

Major European markets were turning in a mixed performance with investors digesting weak economic data out of China and on a survey report from the behavioral research institute Sentix that suggested a imminent recession in the Euro area.

In commodities, crude oil futures for October were gaining $0.32, or 0.57%, at $56.84 a barrel.

Gold futures for December were up $4.20, or 028%, at $1,519.70 an ounce.

Silver futures for December were gaining $0.196, or 1.08%, at $18.315 an ounce, while Copper futures for December were declining $0.0140, or 0.52%, at $2.6200 per pound.

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