Canada's main stock index is likely to open higher with investors bullish after the recent global stock market rally.
The S&P/TSX composite index gained 18.97 points to close Monday at 14,709.80
The Canadian dollar inched up 0.05 cents to 87.92 cents U.S. early Tuesday.
Trading in Toronto is expected to be thin, with bond markets closed in observance of Remembrance Day.
Iamgold Corp said on Monday it is shrinking its executive team by 40% and taking other cost-cutting steps as the mid-sized gold miner and its peers reel from a 40% slump in the price of bullion over the past three years.
Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize - weaker local currencies and falling oil prices that will help trim their costs.
Imperial Oil said on Monday it has shut its 110,000-barrel-per-day Kearl oil sands mine in northern Alberta for several weeks after detecting what it called a "vibration issue" in the facility's ore-crushing unit.
Canaccord Genuity cut the target price on Aecon Group to $20 from $23, with a buy rating.
ON BAYSTREET
The TSX Venture Exchange slid 4.76 points Monday to 765.50.
ON WALLSTREET
After closing at new record peaks, U.S. markets are poised to push even higher, with stock futures edging up and most major global indexes in positive territory.
Ahead of the opening bell, futures for the Dow Jones Industrials moved up 25 points, or 0.1%, to 17,578. Futures for the S&P 500 added 3.5 points, or 0.2%, to 2,037.50, and futures for the NASDAQ gained 8.50 points, or 0.2%, to 4,178.75.
The world's biggest online shopping day has already generated record sales over Alibaba's platforms. More than $2 billion U.S. worth of goods was sold via Alibaba in just the first hour, and last year's record was passed early afternoon in China.
Quarterly reports continue to trickle in. DR Horton, a company that builds single-family homes, will report earnings before the opening bell. Fossil will report after the close
European markets were strolling higher in early trading. Shares in Vodafone were up 5% in London after the mobile operator reported revenue growth of 9% in the first half of the year, and raised its dividend.
Asian markets ended mixed, with most indexes little changed on the day. The lone exception was Japan's Nikkei, which gained 2% as the yen weakened further.
Oil prices dropped a penny to $77.39 U.S. a barrel
Gold prices dipped $6.30 to $1,153.60 U.S. an ounce.
