Equities in Toronto looked set to open higher on Tuesday, after European Central Bank chief Mario Draghi said the bank was ready to act on deflation.
The S&P/TSX composite index was ahead 7.59 points to close Monday at 14,715.69. Futures sprang ahead 0.2% Tuesday.
The Canadian dollar inched forward 0.08 cents to 92.17 U.S. early Tuesday.
The European Central Bank must be "particularly watchful" for any negative price spiral in the euro-zone, Draghi said on Monday.
The Bank of Nova Scotia said its second-quarter profit rose 14%, beating estimates, as higher income at its domestic banking and global wealth units offset a flat performance in international retail banking.
Canada is probing two fatal crashes in General Motors vehicles which were subject to a recall to fix faulty switches and has received nine further complaints from drivers, the country's top transportation official told Reuters on Monday.
Canaccord Genuity, National Bank Financial both cut the target price on Augusta Resource
CIBC cut the rating on Hudbay Minerals to sector performer from outperform
ON BAYSTREET
The TSX Venture Exchange grew 6.95 points Monday to 994.90.
ON WALLSTREET
The S&P 500 is gearing up for another possible record high Tuesday and it's worth watching a few key stocks that might be on the move.
Ahead of the opening bell, futures for the Dow Jones Industrials ballooned 52 points, or 0.3%, to 16,503. Futures for the S&P 500 picked up 6.40 points, or 0.3%, at 1,903.30, and futures for the NASDAQ gathered 14.25 points, or 0.4%, to 3,689.25.
U.S. markets ended on a positive note Friday. The S&P 500 closed at an all-time high of 1,900.5, while the Dow Jones industrial average rose by about 0.4% and the NASDAQ was up by nearly 0.8%. U.S. markets were shuttered Monday for Memorial Day.
Shares in InterContinental Hotels were higher in London after Sky News reported the hotel chain rejected a secret £6-billion ($10-billion U.S.) bid by a U.S. suitor. The company declined to comment on the report.
Shares in AstraZeneca were down as investors reacted to Pfizer's confirmation that it would no longer pursue a mega-takeover of the British drugmaker.
Equifax shares were off and Michael Kors shares were up ahead of the open. The fashion company will report results Wednesday.
The latest S&P/Case-Shiller 20-city home price index will be published this morning. This index provides a snapshot of how the U.S. housing market is performing.
The price index is expected to have jumped at an annual rate of 11.8% in March, according to a consensus of economist opinion from Briefing.com, but that would be a slowdown from the prior month's increase of 12.9%.
The Conference Board will release its latest consumer confidence index at 10 a.m. ET.
The government will release its monthly report on durable goods this morning. A consensus of economists is expecting a decline of 1.3% in April, according to Briefing.com.
European markets had an eventful session Monday -- with some key markets up by over 1% -- but they were less enthusiastic Tuesday.
Asian markets were mixed Tuesday.
Oil prices fell 21 cents to $104.14 U.S. a barrel
Gold prices subsided $9.90 to $1,281.80 U.S. an ounce.
Related Stories
