Stocks Possibly Flat at Open

Brookfield, Scotia in Focus

Futures for stocks in Canada’s largest market were little changed on Tuesday after oil prices dipped as investors took profits on some large positions that have built up in the last couple of weeks.

The S&P/TSX Composite Index advanced 70.06 points to close Monday at 15,705.

December futures dipped 0.02% Tuesday morning.

The Canadian dollar eked up 0.05 cents to 79.96 cents U.S. Tuesday morning.

India's Reliance Communications is reworking a planned $1.7-billion U.S. stake sale in its tower assets after scrapping a proposed merger of its wireless arm with smaller rival Aircel.

Brookfield Asset Management, which was to pay 110 billion rupees ($1.7 billion U.S.) for the majority stake in company's tower arm, will revalue the assets after the Aircel deal was scrapped, according to one of Reliance’s officials.

Scotia Capital Inc, a unit of Bank of Nova Scotia, and Alberta Investment Management Corp said they would cut their stake in the owner of Toronto Stock Exchange to less than 5 percent each.

Mark Kokes, the man who was leading BlackBerry Ltd's efforts to make money from its patent portfolio has reportedly left to join a health technology company.

Desjardins raised the target price on Heroux Devtek to $18.00 from $15.00

Barclays raised the price target on Metro Inc. to $45.00 from $44.00


The TSX Venture Exchange weakened 0.77 points Monday to 780.46


U.S. stock index futures pointed to a slightly higher open Tuesday, with the positive trading streak for the fourth quarter set to continue, after Wall Street finished on a strong note in the previous session.

Futures for the Dow Jones Industrials gained 35 points, or 0.2%, to 22,541.

S&P 500 futures gained 2.25 points, or 0.1%, to 2,528.50, while futures on the NASDAQ Composite index surged 9.5 points, or 0.2%, to 5,990.

In stocks news, investors are to keep an eye on the latest moves in defense and gun company stocks, following the massacre in Las Vegas, and Procter & Gamble is set to hold a webcast to answer shareholder questions.

Overseas, European stocks were relatively flat approaching noon on the continent Monday, while Japan’s Nikkei 225 climbed 1.1%, while in Hong Kong, the Hang Seng jumped 2.3%, after a long weekend.

Oil prices faded 18 cents to $50.40 U.S. per barrel.

Gold prices slid $3.10 to $1,272.70 U.S. an ounce.