Canadian stocks were set to open higher on Tuesday
The S&P/TSX composite index stayed positive 16.78 points to close Monday at 15,100.70, with March futures moving up 0.7% Tuesday.
The Canadian dollar dipped 0.12 cents to 80.09 cents U.S. early Tuesday.
Talisman Energy, which in December agreed to be bought by Spanish peer Repsol, reported a bigger quarterly loss after it wrote down the value of some assets by about $1.37 billion amid a steep fall in crude prices.
Uni-Select Inc said it would sell its U.S. auto parts distribution business to activist investor Carl Icahn's investment company Icahn Enterprises LP for about $340 million U.S.
Greece's energy minister said the country’s new left-wing government will legally oppose Eldorado Gold Corp's gold mine in northern Greece, promising to protect workers at the mine.
CIBC cuts the rating on Canadian Utilities Ltd. to sector perform.
National Bank Financial cut the price target on Bank of Montreal to $85 .00 from $86.00
Canaccord Genuity raised the rating on Tahoe Resources to buy from hold.
ON BAYSTREET
The TSX Venture Exchange gained 2.75 points Monday to 696.19
ON WALLSTREET
U.S. stock futures are firmly positive ahead of the opening bell.
Ahead of the opening bell, futures for the Dow Jones Industrials bolted 116 points, or 0.7%, to 17,797. Futures for the S&P 500 moved 14.75 points, or 0.7%, to 2,057.25, and futures for the NASDAQ hiked 29 points, or 0.7%, to 4,243.25.
Qualcomm shares were 3% higher in pre-market trading after the company reached a settlement with Chinese regulators. The chip maker had been under fire for alleged violations of China's anti-monopoly law, but the penalties were not as severe as some analysts feared.
The big earnings winner on Monday was Hasbro, which outperformed analyst expectations and reported solid demand for Transformer and Marvel toys. Shares were up 4.5% pre-market.
Coca-Cola, CVS and Molson Coors Brewing will report earnings before the opening bell.
Greece and its creditors continue to posture ahead of an emergency meeting to be held Wednesday in Brussels. Reports indicate that Greek officials may propose a bridge funding plan that gives them more time to negotiate -- but there is no sign that creditors will back down.
Greece's benchmark index was higher on Tuesday morning after tumbling nearly 6% on Monday. The country's banks were particularly hard hit.
European markets are mixed in early trading, while Asian markets also ended mixed. The Nikkei fell 0.3%, while Hong Kong's Hang Seng was flat and the Shanghai Composite jumped 1.5%.
Oil prices skidded 0.9% to $52.39 U.S. a barrel
Gold prices slid 0.4% to $1,236.90 U.S. an ounce.
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