Futures in Canada’s largest stock market hinted at a higher open on Tuesday following gains in global markets after Japan warned it was prepared to step in to weaken its currency.
The S&P/TSX Composite Index stumbled 137.63 points, or 1%, to close Monday at 13,563.84. June futures moved up 0.3% Tuesday.
The Canadian dollar stepped back 0.05 cents to 77.09 cents U.S. early Tuesday.
Japanese oil refiner Idemitsu Kosan said on Tuesday its joint venture with Canada's AltaGas would suspend a liquefied natural gas project in Canada for the foreseeable future due to low energy prices.
TMX Group, which owns and operates the Toronto Stock Exchange, posted a 9% rise in quarterly profit late on Monday, helped by lower operating expenses.
Canaccord Genuity raised the rating on Athabasca Oil to buy from hold
Paradigm Capital raised the target price to $7.75 from $6.50, with a buy rating
Desjardins raised the target price on Raging River Exploration to $12.00 from $11.50
ON BAYSTREET
The TSX Venture Exchange lost 11.52 points, or 1.7%, Monday to 657.42.
ON WALLSTREET
U.S. stock futures are up and nearly every major global index is rising.
Ahead of the opening bell, futures for the Dow Jones Industrials gained 62 points higher, or 0.4%, to 17,708, while futures for the S&P 500 added 7.25 points, or 0.4%, to 2,061.5. NASDAQ futures took on 11 points, or 0.3%, to 4,346.75
Ahead of the opening bell, investors will hear from SodaStream, Allergan, Credit Suisse, Crocs, Dean Foods, Lumber Liquidators and Nokia.
After the close, Fossil, Electronic Arts and Disney are reporting.
Shares of Disney are flat so far in 2016 -- despite box office hits such as "Captain America: Civil War," "The Jungle Book" and "Zootopia."
Oil prices dropped 11 cents to $43.33 U.S. a barrel
Gold prices added 47 cents to $1,264.35 U.S. an ounce.
