Stock futures pointed to a higher opening for markets in Toronto on Tuesday on growing confidence that the market-friendly Emmanuel Macron would beat far-right rival Marine Le Pen to become the next French president.
Markets were also looking forward to U.S. President Donald Trump's promise of a "big tax reform and tax reduction" announcement on Wednesday.
The S&P/TSX Composite Index vaulted 97.98 points to close Monday at 15,712.46. June futures galloped 0.3% Tuesday
The Canadian dollar dipped 0.39 cents to 73.62 cents U.S. early Tuesday.
Teck Resources reported lower-than-expected profit due to higher costs, lower production and sales volumes.
Barrick Gold reported weaker-than-expected quarterly earnings on Monday and also slashed its forecast for output and hiked costs at its gold mine in Argentina, where cyanide solution spilled recently for the third time in 18 months.
Canadian National Railway on Monday reported an 8% increase in quarterly revenue as the railroad moved record volumes, boosted by grain, frac sand and coal.
National Bank of Canada upped the target price on Canadian National Railway to $101.00 from $94.00
CIBC cut the rating on Semafo to neutral from outperform
ON BAYSTREET
The TSX Venture Exchange fell 6.84 points Monday to 818.08.
ON WALLSTREET
U.S. stock index futures pointed to a higher open on Tuesday as several large-cap companies reported better-than-expected quarterly results.
Ahead of the opening bell, futures for the Dow shot higher 159 points, or 0.8%, to 20,855. Futures for the S&P 500 added 7.25 points or 0.3%, to 2,377.25. NASDAQ futures hiked 17.75 points, or 0.3%, to 5,521.75
DuPont, 3M, Caterpillar and McDonald's all posted results that topped analyst expectations. Caterpillar shares shot up more than 5% before the bell.
AT&T, Capital One and Chipotle Mexican Grill are due to report after the market close.
On the data front, Tuesday will see S&P Case-Shiller 20-city home price index for February released at around 9 a.m ET. New home sales for March, as well as consumer confidence and Richmond Fed survey data for April, are scheduled for release around 10 a.m ET.
European stocks were largely positive, while the Nikkei 225 in Japan triumphed 1.1%, and the CSI 300 tacked on 0.3% after a heavy loss Monday.
Oil prices erased 14 cents to $49.09 U.S. per barrel.
Gold prices faded $7.20 to $1,270.30 U.S. an ounce.
