Stocks Forge Ahead at Open

CGI, Empire in Focus

Canada's main stock index rose on Tuesday, as a jump in oil prices lifted

The S&P/TSX Composite Index gained 32.9 points to open trading on Tuesday at 16,139.14

The Canadian dollar added 0.09 cents at 74.75 cents U.S.

CIBC raised the target price on CGI Group to $92.00 from $90.00. CGI shares gathered 12 cents to $89.62.

Desjardins cut the rating on Empire Company to hold from buy. Empire shares dawdled $1.24, or 4.2%, to $28.24.

TD Securities cut the price target on Linamar to $60.00 from $62.00. Linamar shares tumbled $2.16, or 4.3%, to $48.62.


The TSX Venture Exchange gained 1.72 points to 621.27

Eight of the 12 TSX subgroups began the day higher, as energy and gold each muscled up 1%, while health-care was haler 0.8%.

The four laggards were weighed most by information technology, down 0.6%, industrials, sinking 0.5%, and consumer discretionary stocks, off 0.4%.


The Dow Jones Industrial Average fell slightly on Tuesday as shares of Boeing continued to struggle.

The 30-stock index lost 67.92 to start Tuesday at 25,583.86

The S&P 500 took on 7.4 points to 2,790.70, led by gains in the energy and materials sectors.

The NASDAQ Composite gathered 13 points to 7,571.06.

Boeing shares fell more than 4%, adding to steep losses from Monday's session. Boeing fell after Edward Jones downgraded the stock to hold from buy, citing a possible "delay in orders" after two 737 MAX jets crashed in less than six months. The accident led several countries, including the U.K., China and Indonesia, to ground all flights involving that airplane model.

The U.S. consumer price index rose 0.2% in February, matching expectations. The so-called core CPI, which strips out food and energy, fell short of estimates by gaining just 0.1%.

Stocks in Asia Tuesday got a slight boost after British Prime Minister Theresa May got legally binding assurances from the European Union over the most contentious part of the deal, the Irish backstop.

Investor attention will be firmly focused on the Brexit deal in the U.K. when British Members of Parliament vote Tuesday evening on whether to accept or reject May's deal ahead of the scheduled March 29 departure from the E.U.

Prices for the benchmark 10-year U.S. Treasury made slight headway, lowering yields to 2.63% from Monday’s 2.64%. Treasury prices and yields move in opposite directions.

Oil prices took on 44 cents to $57.23 U.S. a barrel.

Gold prices regained $6.90 to $1,298 U.S. an ounce.