Stock futures pointed to a slightly higher open for Canada's main stock index on Tuesday tracking gains in global shares, despite a dip in the price of metals and crude.
The S&P/TSX Composite Index strengthened 63.63 points to end Monday at 16,371.81
The Canadian dollar eked up 0.03 cents to 80.49 cents U.S. Tuesday morning.
March futures moved up 0.1% Tuesday.
BlackBerry on Monday launched new cybersecurity software, which identifies vulnerabilities in programs used in self-driving cars.
CIBC raised the price target on WSP Global to $63.00 from $57.00
CIBC raised the price target on Stantec to $39.00 from $38.00
CIBC raised the price target SNC-Lavalin Group to $68.00 from $65.00
ON BAYSTREET
The TSX Venture Exchange gained 17.99 points, or 2.1%, Monday to 896.16
ON WALLSTREET
U.S. stock index futures were up sharply ahead of Tuesday's open following the long holiday weekend.
Futures for the Dow Jones Industrials galvanized 215 points, or 0.8%, to 26,016, setting up the 30-stock index to break above 26,000 for the first time.
S&P 500 futures climbed 12.5 points, or 0.5%, to 2,801.25, while futures on the NASDAQ Composite took on 37.25 points, or 0.6%, to 6,812.50
UnitedHealth posted better-than-expected earnings and sales. Citigroup reported adjusted earnings that surpassed estimates, while revenue came in line with expectations.
CSX is set to report later on Tuesday.
Earnings season is off to a strong start thus far. Of the S&P 500 companies that had reported as of Friday, 69% have surpassed earnings-per-share estimates while 85% have beaten expectations on the top line.
Many of their employees will also see more after-tax pay, resulting from the increase in the standard deduction and the lowering of individual tax rates.
In data, the latest Empire State Manufacturing survey was set to report at 8:30 a.m. ET.
Overseas, Japan’s Nikkei 225 index hiked 1%, while in Hong Kong, the Hang Seng Index jumped 1.8%.
Oil prices fell 16 cents to $64.14 U.S. per barrel.
Gold prices deleted 40 cents to $1,334.50 U.S. an ounce.
