Equity futures pointed to a higher opening for Canada's main stock index on Tuesday as investors awarded the first U.S. presidential debate to Democrat Hillary Clinton over Republican Donald Trump.
The S&P/TSX Composite dropped 78.47 points to close Monday at 14,619.46, with December futures nosing up 0.1% Tuesday.
The Canadian dollar nicked up 0.03 cents at 75.58 cents U.S. early Tuesday.
Rogers Communications said Monday it will incur third-quarter losses of between $100 million to $140 million as its joint venture, Shomi video streaming service, is shut down.
Dundee cut the target price on Spectra7 Microsystems to $0.75 from $1.10, with a buy rating
J.P. Morgan raised the rating on Novagold Resources to overweight from neutral
Canaccord Genuity initiated coverage on Laurentian Bank of Canada with a buy rating and $54.00 price target
ON BAYSTREET
The TSX Venture Exchange fell 5.09 points Monday at 805.80
ON WALL STREET
Futures for the Dow, NASDAQ and S&P rose Tuesday morning, as stocks in Asia and Europe gained after the first debate between U.S. presidential candidates, Hillary Clinton and Donald Trump.
Clinton appeared to have gained an edge on her Republican opponent in the debate, which saw Dow futures briefly add more than 100 points before paring some gains.
Ahead of the opening bell, futures for the Dow Jones Industrials hiked 34 points, or 0.2%, to 18,046 while futures for the S&P 500 gained 4.75 points, or 0.2%, at 2,144.50. NASDAQ futures picked up 9.5 points, or 0.2%, at 4,824.50
Shares in Carnival Corp were up 2.3% pre-market, after the cruise operator raised its earnings guidance for the year. The cruise industry has been hit by the Zika virus outbreak in key destinations in Central and South America. Carnival's stock has dropped 14.7% so far this year.
Deutsche Bank fell again on Tuesday to another record low. Investors are worried it may have to raise more funds to pay a huge U.S. fine for dealing in toxic mortgages before the global financial crisis.
Other companies reporting earnings on Tuesday include IHS Markit, which reported before the bell, and Nike, after the close of trade.
Economic data due from the U.S. on Tuesday include the Case-Shiller home price index and the Conference Board's consumer confidence report for September.
Meantime, all eyes will be on oil ministers of the Organization of the Petroleum Exporting Countries meeting on the sidelines of an energy forum in Algeria. The oil cartel is trying to build consensus for a production cut to support prices.
They've been trying to reach an agreement for the past year, with little success so far.
Oil prices dipped 90 cents to $45.03 U.S. a barrel
Gold prices faded $4.30 to $1,33980 U.S. an ounce.
