Markets

Market Update

Foreign Markets Update

TSX Sector Watch

Most Actives

New Listings – TSX

New Listings – TSX-Venture

Currencies

TSX Continues to Roll

Rockefeller, IGM in Focus

Canada's benchmark stock index was set to open higher for its eighth consecutive session on Tuesday, tracking strength in contracts tied to crude oil prices.

The TSX gained another 178.39 points to end Monday at 20,278.28.

June futures on the S&P/TSX index were up 0.4% Tuesday morning.

The Canadian dollar rumbled 0.11 cents to 74.53 cents U.S.

Among stocks, Rockefeller Capital Management, a wealth manager and financial advisory firm, sold a 20.5% equity stake to IGM Financial for about $622 million.

Brookfield Asset Management has started the sale of a 50% stake in a U.S. wind farm, as per a report.

On the economic front, Statistics Canada reported building permits in Canada advanced 8.6% to $10.7 billion in February.

ON BAYSTREET

The TSX Venture Exchange dipped 3.03 points Monday to 631.15.

ON WALLSTREET

Stock futures rose slightly Tuesday as the market remained resilient even after a spike in oil prices.

Futures for the Dow Jones Industrials moved higher 31 points, or 0.1%, at 33,817.

Futures for the S&P 500 hiked 11.75 points, or 0.3%, to 4,165.56.

Futures for the NASDAQ Composite gained 56.25 points, or 0.4%, to 13,326.50.

Markets have been resilient of late, with the major averages rising even when faced by persistent inflation, a banking crisis and higher rates.

This week, the energy market became another potential source of uncertainty, after OPEC+ announced it was slashing output by 1.16 million barrels of oil per day. West Texas Intermediate futures had their biggest daily gain in nearly a year on the news. On Tuesday, crude rose another 1%.

On Tuesday investors will get the latest number from the monthly Job Openings and Labor Turnover Survey, or JOLTS, at 10 a.m. ET.

In Japan, the Nikkei 225 gained 0.4% Tuesday, while in Hong Kong, the Hang Seng sagged 0.7%.

Oil prices took on 67 cents to $81.09 U.S. a barrel.

Gold prices dropped two dollars to $1,998.40 U.S. an ounce.