Slight drop expected in Toronto


Canada's main stock index looked set to open slightly lower, as investors await a slew of Chinese economic data later in the week.

The S&P/TSX composite index ended up 15.89 points at 12,453.92, with futures down 0.1% Monday

The Canadian dollar gained 0.16 cents to 99.47 cents U.S. early Tuesday.

Husky Energy Inc reported a 9% drop in first-quarter profit due to lower crude prices.

Enbridge Inc said it would expand its 180,000 barrel per day Southern Lights pipeline after customers looked for more space on the line than it could handle.

First Quantum Minerals Ltd reported a rise in adjusted earnings, helped by higher sales volumes and its recent acquisition of Inmet Mining Corp .

The country’s aviation regulator has allowed WestJet Airlines Ltd. an exemption from current rules so that it can boost the number of passengers each of its flight attendants may serve to 50 from 40.

ON BAYSTREET

The TSX Venture Exchange gained 2.70 points Monday to 967.38

ON WALLSTREET

U.S. stock futures rose ahead of a session likely to be dominated by earnings data from Corporate America.

Futures for the Dow Industrials gained 30 points, or 0.2%, to 14,936. Futures for the S&P 500 took on 2.6 points, or 0.2%, to 1,616, and futures for the NASDAQ increased seven points, or 0.2%, to 2,954.50.

Companies including DirecTV and Molson Coors Brewing are set to report their quarterly results in the morning, while Disney, Whole Foods and Kraft spinoff Mondelez are up after the close.

U.S. stocks finished higher Monday, boosted by gains in Bank of America and Apple. The S&P 500 closed at a record high of 1,617.50.

European markets climbed in morning trading, driven by strong results from financial firms Societe Generale and HSBC

Asian markets ended higher. The Shanghai Composite increased 0.2% and the Hang Seng added 0.6%. The Nikkei rose 3.6% to close above the 14,000 point barrier as traders returned after a holiday.

Oil prices settled back 45 cents to $95.71 U.S. a barrel

Gold prices dropped $6.10 to $1,461.90 U.S.

Related Stories