Futures at Canada's main stock index rose on Tuesday, tracking gains in global markets as Turkish lira recovered from a two-day rout.
The S&P/TSX Composite Index fell 75.76 points to conclude Monday at 16,250.75
The Canadian dollar gained 0.27 cents at 76.45 cents U.S. early Thursday
September futures ballooned 0.4% Tuesday
Ensign Energy Services Inc on Monday said it would make a $947-million hostile bid for Trinidad Drilling Ltd, as the recovery of Canada's oil industry lags a global rebound.
JP Morgan cut the price target on Magna International to $70 from $74
IA Securities raised the price target on Absolute Software to $10.50 from $10.25
RBC cut the target price on Premium Brands Holdings to $133.00 from $142.00
ON BAYSTREET
The TSX Venture Exchange stumbled 12.76 points Monday at 680.99
ON WALLSTREET
U.S. stock index futures posted sharp gains ahead of Tuesday's open as the Turkish lira jumped from an all-time low set in the previous session.
Futures for the Dow Jones Industrials gained 78 points, or 0.3%, to 25,293
S&P 500 futures picked up 8.5 points, or 0.3%, to 2,834, while futures for the NASDAQ composite improved 27.5 points, or 0.4%, to 7,444.50.
Home Depot shares rose more than 1% after the company reported better-than-expected quarterly earnings and revenue. The company's results were boosted by stronger-than-forecast same-store sales, a key metric for retailers.
The lira rose more than 4% to trade at 6.56 after falling to 7.24 per U.S. dollar on Monday. The currency has been under pressure recently as market watchers became jittery over Turkish President Recep Erdogan's control of the economy and Donald Trump saying last week that he supported doubling metal tariffs on the Middle Eastern country.
In economic data, import and export price index data are due at 8:30 a.m. ET.
Overseas, in Japan, the Nikkei 225 shot higher 2.3% while in Hong Kong, the Hang Seng index fell back 0.7%.
Oil prices advanced 90 cents to $68.10 U.S. a barrel.
Gold prices jumped $3.70 to $1,202.60 U.S. an ounce.
