Equities in Toronto were set to open modestly higher on Tuesda
The S&P/TSX Composite Index rocketed 102.26 points to close Friday at 13,919.58. June futures eked up 0.1%.
Canadian markets were shuttered Monday for the Victoria Day holiday.
The Canadian dollar faded 0.04 cents, to 76.05 cents early Tuesday
Video conferencing equipment maker Polycom Inc said on Monday it received a revised proposal from a private equity firm that could be superior to an offer from Mitel Networks Corp.
Paradigm starts coverage on Brick Brewing Co. with a buy rating, and a $2.75 price target
NBF raised price target on IAG to $42.00 from $40.00, with a sector perform rating
NBF raised the price target on Sun Life Financial to $47 from $44.00, with an outperform rating
ON BAYSTREET
The TSX Venture Exchange gained 7.91 points Friday to 686.14
ON WALLSTREET
U.S. stock futures are pointing up early Tuesday morning.
Ahead of the opening bell, futures for the Dow Jones Industrials leaped 90 points, or 0.5%, to 17,560, while futures for the S&P 500 picked up 11.25 points, or 0.6%, to 2,056.50. NASDAQ futures gained 25.5 points, or 0.6%, to 4,378.
Best Buy and AutoZone are among the key companies reporting earnings before the bell Tuesday.
Hewlett Packard Enterprise is reporting results after the close.
On the economic front, the U.S. Census Bureau will issue its new home sales data at 10 a.m. ET.
European markets are jumping in early trading.
A negative mood in the market evaporated after new data showed Germany's economy grew by 1.3% in the first quarter compared to the same time last year.
The European Commission could decide Tuesday whether to allow Anheuser-Busch InBev to buy SABMiller for about £68 billion ($99 billion U.S.).
Asia was almost uniformly negative. Shares in Toyota dropped 1.4% in Japan after the automaker said it would recall an additional 1.6 million vehicles in the U.S. due to airbag safety issues. This airbag issue affects tens of millions of cars with defective Takata parts.
Faulty airbags made by the company have exploded, firing out shards of metal that have caused injuries and deaths.
Oil prices gained eight cents to $48.16 U.S. a barrel
Gold prices sank $10.62 to $1,238.51 U.S. an ounce.
