Equity markets in Toronto looked set to open lower on Tuesday, hurt by speculation about how soon the U.S. Federal Reserve will begin scaling down bond-buying.
The S&P/TSX composite index was off 19.94 points to end Monday’s session at 13,358.39. Futures Tuesday were down 0.2%.
The Canadian dollar subsided 0.17 cents to 95.30 cents U.S. early Monday
RBC raised the price target on Bankers Petroleum to $5 from $4.50 following the company's steady production and cash flow growth.
Barclays raised the price target on Ensign Energy Services to $21 from $20, saying the company's global fleet of high quality rigs should benefit from the shift towards unconventional drilling in North America.
National Bank Financial raised the price target on GuestLogix to $2.25 from $1.75, following the company's better-than-expected third-quarter results.
ON BAYSTREET
The TSX Venture Exchange subsided 2.05 points Monday to 935.36
ON WALLSTREET
U.S. stock futures were pointing to a softer start Tuesday as investors consolidate recent gains and look for reasons to push markets to even higher peaks.
Ahead of the opening bell, futures for the Dow Jones Industrials faded 20 points, or 0.1%, to 15,703. Futures for the S&P 500 slid 4.4 points, or 0.3%, to 1,763.20, and futures for the NASDAQ dipped 9.75 points, or 0.3%, to 3,344.50.
It's a light corporate news and economic calendar Tuesday, with quarterly results earnings before the bell due from DISH Network and Yingli Green Energy. DISH reported a quarterly gain in profit and revenue, compared with the year-ago quarter.
Most Asian markets closed on a positive note. Japan's Nikkei 225 spiked 2.2% after official data showed a better-than-expected current account balance.
China's Shanghai Composite was up 0.8%, while Hong Kong's Hang Seng Index dropped 0.7% before the end of a major Chinese government meeting.
Oil prices fell 33 cents to $94.81 U.S. a barrel
Gold prices gained 90 cents to $1,282 U.S. an ounce.
