Flat Open in Store for TSX

Bombardier, Cascades in Focus

Equities in Toronto set to open little changed on Tuesday, tracking a halt in a three-day rally for global stock markets ahead of a handful of major central bank meetings.

The S&P/TSX Composite Index tacked on but 7.44 points to close a lackluster session Monday at 16,103.51

The Canadian dollar gained 0.14 cents to 77.93 cents U.S. Tuesday morning.

December futures squeezed up 0.02% Tuesday.

Bombardier said its railway division signed a $724-million contract with Britain's Corelink Rail Infrastructure and West Midlands Trains.

CIBC raised the price target on Cascades Inc. to $17.00 from $14.00

CIBC cut the price target on Trican Well Service to $6.25 from $6.75


The TSX Venture Exchange dipped 1.41 points Monday to 791.55


U.S. stock index futures pointed to a slightly higher open on Tuesday, ahead of several economic data releases and the start of a two-day policy meeting by the U.S. Federal Open Market Committee (FOMC)

Futures for the Dow Jones Industrials hiked 56 points, or 0.2%, to 24,475

S&P 500 futures added two points, or 0.1%, to 2,666.50, while futures on the NASDAQ Composite index dropped 1.75 points to 6,414.25

In earnings, MongoDB and VeriFone are expected to report after the bell.

Meantime, the FOMC will begin the first day of its two-day monetary policy meeting. The central bankers are expected to deliver a decision on interest rates at the end of the two-day event on Wednesday, where investors expect the Federal Reserve to raise rates for one more time this year.

On the data front, producer price index data are slated to come out at 8:30 a.m. ET, and the Monthly Treasury Statement — due out at 2 p.m. ET.

Overseas, European stocks ticked higher toward noon local time, while Japan’s Nikkei 225 slipped 0.3%. In Hong Kong, the Hang Seng Index faltered 0.6%

Oil prices gained 45 cents to $58.44 U.S. per barrel.

Gold prices ducked lower $1.80 to $1,245.10 U.S. an ounce.