(RTTNews) - Bay Street stocks could recoup some of the sharp losses from last week Monday morning amid some positive earnings results from U.S.

U.S. futures are pointing mildly higher as Ford (F) and Humana (HUM) reported strong quarterly results before the bell. Markets on both sides of the border saw notable losses on Friday.

Commodities are also seeing some strength, which could push resource stocks higher. Crude oil has gained 49 cents to move at $77.49 a barrel and gold is up $15.80 to $1,056.20 per ounce, while copper is flat at $2.9465.

In Canadian corporate news, Cameco (CCO.TO) reported third-quarter net earnings of C$172 million or C$0.44 per share, up from net earnings of C$135 million or C$0.39 per share in the third quarter of 2008.

Iamgold (IMG.TO) announced the Societe D’Exploitation Des Mines D’Or De Sadiola, owner of the Sadiola Gold Mine in Mali, West Africa, board approval to proceed with the US$9 million Sadiola Deep Sulphide Feasibility Study.

ATCO Ltd. (ACO-X.TO) reported earnings of C$61.0 million or C$1.05 per share for the third quarter, compared to C$52.5 million or C$0.91 per share in the prior year quarter.

Canadian Utilities (CU.TO) reported net income for the third quarter of C$120.9 million or C$0.96 per share, compared to C$67.0 million or C$0.53 per share for the year-ago quarter.

On Friday, the S&P/TSX Composite Index dropped 164.47 points or 1.48% to close at 10,910.75. The market lost a little more than 470 points amid volatile trading last week.

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Posted in Categories: Canada, Releases, Stocks, USA.

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