Investors were eyeing North American futures and hoping that some of those good vibes could make their way north of the border.
The S&P/TSX composite index hiked 137.36 points to close Monday’s trading at 14,790.48
The Canadian dollar erased 0.10 cents to 81.14 cents U.S. early Tuesday.
Bombardier Inc's biggest buyer of business jets is unfazed by the turmoil surrounding the aircraft maker, which has been criticized for letting other projects fall to the wayside as it pours time and money into the overdue, over-budget CSeries jetliner, and believes the company's next private aircraft will be a "game-changer."
Australia's Paladin Energy Ltd has won the right to operate a uranium mine in Canada. The approval from Ottawa, announced Monday by the company, is a signal that Canada welcomes more foreign investment in its uranium industry. And that has positive implications for a struggling sector that could really use some outside capital.
ON BAYSTREET
The TSX Venture Exchange gave back 1.55 points Monday to 682.34
.
ON WALLSTREET
Global stock markets keep climbing Tuesday as investors hold out hope that Greece will be able to negotiate a new debt deal.
Ahead of the opening bell, futures for the Dow Jones Industrials hiked 43 points, or 0.2%, to 18,068, futures for the S&P 500 gained 5.75 points, or 0.3%, to 2,118.50, and futures for the NASDAQ progressed 14 points, or 0.3%, to 4,546.75.
Blackberry, Darden Restaurants and Carnival will report ahead of the open.
BlackBerry stock is down 16% since the start of the year. In its previous quarterly results, the company reported further revenues declines as subscriber numbers dwindled.
Meanwhile, analysts expect a favourable report from Oliver Garden owner Darden Restaurants after itreported solid earnings in the first quarter of 2015.
At 10 a.m. ET, the U.S. Census Bureau will post new home sales figures for the month of May. Sales jumped by nearly 7% in April.
European markets are rising again, after notching some serious gains Monday on hopes that policymakers are inching closer to a deal that would avert a chaotic Greek exit from the euro-zone.
Stock markets in China swung wildly Tuesday after enduring a sharp drop last week.
China's benchmark Shanghai Composite index shed nearly 5% during morning trading on Tuesday, before mounting a recovery and closing up 2.2%.
Oil prices faded 30 cents to $60.08 U.S. a barrel
Gold prices slid $3.70 at $1,180.40 U.S. an ounce.
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