Equity market futures pointed to a higher open on Tuesday after an extended weekend as progress on a deal that could avert an economically damaging U.S. debt default boosted investor sentiment.
The S&P/TSX composite index shaved 2.30 points to end Friday at 12,892.11. Futures Tuesday peeked up 0.1%.
The Canadian dollar lagged 0.06 cents to 96.54 cents U.S. early Tuesday
Markets across Canada were shuttered Monday for Thanksgiving
A Chilean appeals court has agreed to examine a new appeal against Barrick Gold's suspended Pascua-Lama gold mine that alleges the project is hurting the environment and
BlackBerry on Monday sought to reassure customers and partners that it was financially stable and "here to stay," even though it announced massive layoffs and sources say it is in talks to sell all or part of the company.
Talks between the railroad workers' union and Canadian National Railway have broken down, raising the possibility of a strike or a lockout by Oct. 28 at the country's largest railroad operator.
Toronto-Dominion Bank is considering an eight-billion-pound bid for Royal Bank of Scotland's American retail banking business Citizens, Britain’s Sunday Times reported without citing sources.
On the economic beat, existing home sales were due out at 9 a.m. ET Tuesday.
ON BAYSTREET
The TSX Venture Exchange gave back 6.15 points to end Friday at 929.37
ON WALLSTREET
Investors weren't fully convinced Tuesday morning that politicians in Washington would manage to hash out a plan to raise the U.S. debt ceiling and end the government shutdown.
As a result, futures on Wall Street barely budged in the final hour before the open.
Ahead of the opening bell, futures for the Dow Jones Industrials advanced 10 points, or 0.1%, to 15,235. Futures for the S&P 500 faded 2.3 points, or 0.1%, to 1,702, and futures for the NASDAQ moved up 3.25 points, or 0.1%, to 3,251.50
Earnings season picks up Tuesday, with results due before the opening bell from Citigroup, Coca-Cola, Domino's Pizza and Johnson & Johnson. Yahoo and Intel are set to report in the afternoon.
Shares of Burberry fell by nearly 4% after the company announced its CEO --Angela Ahrendts -- would be leaving for a job at Apple
Signs that Senate leaders were moving closer to an agreement to end the partial government shutdown and raise the country's debt limit pushed U.S. stocks higher Monday.
But as the shutdown heads into its 15th day, there are concerns that Washington will struggle to pay all of its bills if a debt resolution isn't reached this week.
Even if the Senate gets a deal, it still needs to win support in the House of Representatives, which is far from certain.
European markets were pushing higher in morning trading, led by the FTSE 100 in London.
Most major Asian markets ended the day with modest gains, also based on hopes for a U.S. deal.
Oil prices dipped 61 cents to $101.80 U.S. a barrel
Gold prices dropped $12.30 to $1,264.30 U.S. an ounce.
