Stock futures pointed to a higher opening for Canada's main stock index on Tuesday as a weaker U.S. dollar supported commodity prices.
The S&P/TSX composite index gained 14.80 points to finish the day at 14,957.21. On Tuesday, June futures improved 0.2%.
The Canadian dollar marched ahead 0.28 cents to 80.16 cents U.S. early Tuesday.
Sherritt International said on Monday a strike by employees at its Ambatovy nickel mine in Madagascar had forced the company to curb output there.
CIBC raised the price target on AGT Food and Ingredients to $33.00 from $32.00
Roth Capital raised the target price on Iamgold to $3.75 from $3.50
Morgan Stanley cut the rating on Ivanhoe Mines to equal weight from overweight.
ON BAYSTREET
The TSX Venture Exchange eased off 0.08 points Monday to 670.51
ON WALLSTREET
U.S. stock futures are edging higher Tuesday and most major European markets are pushing up in early trading.
Ahead of the opening bell, futures for the Dow Jones Industrials took on 45 points, or 0.3%, to 18,061. Futures for the S&P 500 moved up 4.5 points, or 0.2%, to 2,099.25, and futures for the NASDAQ gained 10.5 points, or 0.2%, to 4,447.25.
The banking sector has some strength behind it this morning. Shares in Goldman Sachs and Bank of America are pushing forward in premarket trading. Both are up by more than 1%.
Shares in Facebook could be on the move Tuesday after the New York Times reported that the social media giant plans to host news websites' content directly on its pages, allowing users to read stories on Facebook
The U.S. Bureau of Labor Statistics will release inflation data for February this morning.
In the U.K., inflation data released Tuesday showed consumer prices were unchanged in February compared to the same time last year.
Asian markets ended with mixed results. In China, the Shanghai Composite index inched up by 0.1% after taking a knock earlier in the day. In Hong Kong, the Hang Seng dipped by 0.4%.
New data shows China's factory activity slumped this month, dropping to its lowest pace in almost a year. The HSBC report is "the latest in a string of disappointing data out of China," according to one expert. It has sparked talk of more stimulus measures by the Chinese government and central bank.
Oil prices gained 10 cents to $47.55 U.S. a barrel
Gold prices improved $3.80 to $1,191.50 U.S. an ounce.
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