Markets in Toronto were set for more upward progress Tuesday, on signs that Hurricane Irma was causing less damage than feared in the United States and easing tensions over North Korea.
The S&P/TSX Composite Index climbed 54.98 points to conclude Monday at 15,040.30.
September futures nicked up 0.1% on Tuesday morning.
The Canadian dollar dipped 0.28 cents to 82.37 cents U.S. Tuesday morning.
Britain said it was “vitally important” that a trade dispute between U.S. plane maker Boeing Co and its Canadian rival Bombardier, a major employer in Northern Ireland, was settled.
Canada’s competition watchdog said on Monday it will not challenge a proposed merger between Agrium Inc and Potash Corp, saying the transaction was unlikely to substantially lessen competition in the fertilizer industry.
Enbridge’s upgrade of its Line 3 crude oil pipeline hit an obstacle on Monday after the U.S. state of Minnesota told a regulatory committee that it has no need for the project, and that the existing pipe should be shut.
CIBC cut the price target on Richmont Mines to $14.25 from $15.50
CIBC raised the price target on Tahoe Resources to $8.00 from $7.00
ON BAYSTREET
The TSX Venture Exchange dropped 2.4 points Monday to 769.59
ON WALLSTREET
U.S. stock index futures pointed to a higher open on Tuesday as Wall Street turns its sights to a key Apple event.
Futures for the Dow Jones Industrials picked up 57 points, or 0.3%, to 22,074. S&P 500 futures advanced 4.5 points, or 0.2%, to 2,490.25, while futures on the NASDAQ Composite index gained 16 points, or 0.3%, to 6,006.75
Overseas, markets in Europe edged higher approaching noon local time, while Japan’s Nikkei 225 leaped 1.2% and the CSI 300 in Shanghai hiked 0.3%.
The tech giant will host its latest consumer technology product event on Tuesday. Several announcements are set to take place on Tuesday by the smartphone maker, with Wall Street expecting a new Apple TV, three new iPhones and a new Apple Watch to be on the cards during the event.
Shares of Apple rose 0.8% in the pre-market.
On the data front, the U.S. Labor Department's latest Job Openings and Labor Turnover Survey (JOLTS) report is due out at 10 a.m. ET.
Oil prices added 30 cents to $48.37 U.S. per barrel.
Gold prices sagged five dollars at $1,330.70 U.S. an ounce.
