Stock futures pointed to a higher opening for markets in Canada’s largest centre on Tuesday, driven by a jump in oil prices
The S&P/TSX Composite dropped 16.03 points to close Monday at 14,899.82. December futures poked up 0.1%.
The Canadian dollar dipped 0.27 cents to 75.04 cents U.S. early Tuesday.
European Parliament President Martin Schulz told German radio on Tuesday that he did not expect a free trade deal between the European Union and Canada to be signed this week.
Bank of Canada Governor Stephen Poloz said Monday a further easing from the central bank would bring it closer to unconventional monetary policy and the decision on whether to cut rates again is not one to take lightly
BofA Merrill raised the rating on Bombardier to buy from underperform
Canaccord Genuity raised the rating on Detour Gold to buy from hold
Canaccord Genuity has removed Agnico Eagle Mines from its focus list
ON BAYSTREET
The TSX Venture Exchange slumped 4.43 points Monday to 786.14
ON WALLSTREET
Stock futures stateside pointed to a slightly higher open on Tuesday, as investors prepared themselves for a deluge of corporate earnings, amid an influx of economic data releases.
Ahead of the opening bell, futures for the Dow Jones Industrials picked up 17 points, or 0.1%, to 18,151, while futures for the S&P 500 gained 2.75 points, or 0.1%, to 2,147. NASDAQ futures advanced 9.5 points, or 0.2%, at 4,912.25.
This week is set to be busy with earnings Wall Street, with leading brands releasing their latest financial reports. On Tuesday, investors are expected to pay close attention to Apple, Nielsen, Chipotle Mexican Grill, Chubb, Juniper Networks and iRobot, who are all set to report.
DuPont, Merck, Baker Hughes, Whirlpool 3M, Caterpillar, Procter & Gamble, United Technologies, Sprint, Under Armour, JetBlue, Eli Lilly and Fiat Chrysler Automobiles General Motors all posted quarterly results.
On top of a slew of earnings, economic data will be at the forefront of trade on Tuesday. At 9 a.m. ET, the FHFA House Price Index and S&P Case-Shiller Home Price Index are due, while at 10 a.m. ET, sentiment will shift to the release of the Richmond Fed Survey and Consumer Confidence.
European stocks traded mixed to slightly higher, while Asia-Pacific indexes ended mixed overnight. In the previous session, U.S. markets closed higher.
Oil prices faded three cents to $50.49 U.S. a barrel
Gold prices gained $7.40 to $1,271.10 U.S. an ounce.
