(RTTNews) - Canadian stocks will look to extend their gains from the previous session Monday morning in Toronto, and early signals are somewhat positive ahead of a key reading on the manufacturing sector.

On Friday, the S&P/TSX Composite Index rose 46.92 points or 0.41% to settle at 11,407.68. The market added more than 150 points last week.

Global stocks have run up in the last few weeks, and it is looking like only the emergence of dismal economic data can stop the current bull run.

PM Steven Harper was making headlines on his trip to South Asia, urging closer trading ties between Canada and India.

The price of oil rose above $77 a barrel and gold jumped more than $10 to another record above $1130 an ounce.

Bombardier Aerospace, a division of Bombardier Inc. (BBD_A.TO: News ), announced that it will offer its commercial aircraft customers in the Middle East ready access to parts through its existing parts depot at Dubai International Airport.

Uranium One Inc. (UUU.TO: News ) announced it has received approval from Kazakh Ministry of Energy and Mineral Resources or MEMR to buy 50% joint venture interest in the Karatau Uranium Mine.

OPTI Canada Inc. (OPC.TO) said it plans to offer by way of private placement US$425 million of First Lien Senior Secured Notes. The company stated that the purpose of the private offering is to establish sufficient liquidity and flexibility for the company to proceed with its prior announced review of strategic alternatives process.

Canadian manufacturing data is due at 8:30 a.m. ET. Shipments are expected to fall 0.5% in October after a 2.1% increase in September.

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

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