Oil prices weigh on TSX


Stock futures pointed to a lower opening for Canada's main stock index on Tuesday as weakness in oil prices weighed on markets.

The S&P/TSX composite index sank 119.38 points to close Monday at 14,625.32, with futures cooling 0.05%

The Canadian dollar faded 0.33 cents to 87.96 cents U.S. early Tuesday.

Spanish oil company Repsol is seeking partners to invest $4 billion to export natural gas from North America to Europe, which is looking to cut its dependence on supplies from Russia, according to two sources familiar with the matter.

Barclays raised the price target on Dollarama to $54 from $47, with an equal weight rating

CIBC raised the rating on Just Energy Group to sector perform from underperform.

ON BAYSTREET

The TSX Venture Exchange stumbled 16.85 points Monday to 725.02

ON WALLSTREET

U.S. futures pointed upward Tuesday after taking something of a bruising on Monday, the first full day after a long Thanksgiving weekend.

Ahead of the opening bell, futures for the Dow Jones Industrials regained 53 points, or 0.3%, to 17,808. Futures for the S&P 500 took on 5.25 points, or 0.3%, to 2,056, and futures for the NASDAQ recovered 10.50 points, or 0.2%, to 4,297.

The U.S. Census Bureau will report construction spending at 10 a.m. ET. Restaurant chain Bob Evans will report quarterly earnings after the closing bell.

In Germany, the benchmark DAX index briefly broke back above 10,000 points, a level last seen in July, on growing expectations that the European Central Bank will buy a broader range of assets to get the euro-zone economy moving again.

The ECB is expected to cut its forecasts for growth and inflation on Thursday. But economists are split over whether it will act this week to bolster its stimulus efforts, or wait until early next year.

The DAX later slipped lower, but is still up about 18% since mid-October. Other European indexes were mixed.

Japanese Prime Minister Shinzo Abe has kicked off campaigning in parliamentary elections he called two years early.

The election gives voters the chance to pass judgment on Abenomics -- Abe's strategy to combine higher government spending, huge central bank stimulus and reforms to resuscitate the world's third biggest economy.

Oil prices dropped 42 cents to $68.58 U.S. a barrel

Gold prices dumped $20.50 to $1,197.60 U.S. an ounce.



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