Stock futures pointed to a higher opening for Canada's main stock index on Tuesday
The S&P/TSX composite index was down 95.72 points to end Monday at 15,015.41, with futures ahead 0.1% Tuesday.
The Canadian dollar poked up 0.12 cents to 88.76 cents U.S. early Tuesday.
Canada's telecom regulator began the last of three major policy reviews on Monday as it seeks to strike a balance between ensuring consumers have broad access to new technologies while avoiding rules that would discourage investment.
Prime Minister Stephen Harper, gearing up for an election next October and taking advantage of improving federal finances, announced $5.8 billion in new spending on Monday.
Canaccord Genuity raised the target price on Callidus Capital to $32 from $31, with a buy rating
Barclays starts coverage on PrairieSky Royalty with overweight rating
PI Financial starts coverage on Richmont Mines with buy rating
Economically speaking, Statistics Canada reported this morning that retail sales rose 0.8% in September to $42.8 billion, largely as a result of higher sales at motor vehicle and parts dealers.
The agency says retail sales have been on an upward swing since early this year. Gains were reported in five of 11 sub-sectors, representing 59% of retail trade.
ON BAYSTREET
The TSX Venture Exchange slid 1.63 points Monday to 787.50.
ON WALLSTREET
U.S. stock futures are relatively flat ahead of the open. Prices for oil and gold were inching higher.
Ahead of the opening bell, futures for the Dow Jones Industrials took on 20 points, or 0.1%, to 17,812. Futures for the S&P 500 gained 2.25 points, or 0.1%, to 2,069.75, and futures for the NASDAQ added nine points to 4,291.
Twitter's CFO made a massive social media faux pas by accidentally tweeting a message about a potential business acquisition. It's worth watching Twitter trading Tuesday.
Citigroup was hit with a $15-million U.S. fine after U.S. regulators found Citi wasn't properly supervising some misbehaving equity analysts. The Financial Industry Regulatory Authority found Citi analysts gave stock picks to some clients that were inconsistent with their research. Shares in Citigroup are edging lower in pre-market trading.
Honda admitted in a regulatory filing Monday that it failed to report 1,729 serious accidents resulting in injuries or deaths.
Kicking off the data dump Tuesday, the U.S. government will issue its second reading of third quarter GDP at 8:30 a.m. ET. The initial reading showed the American economy grew by 3.5% over the period, beating analysts' expectations and providing more proof that the U.S. economy is gaining momentum.
The S&P/Case-Shiller 20-city home price index for September is due out at 9 a.m. ET. The numbers give a good overview of the state of the U.S. housing market.
At 10 a.m. ET the Conference Board publishes its monthly consumer confidence index.
Oil prices gained 48 cents to $76.26 U.S. a barrel
Gold prices were better $3.20 to $1,198.90 U.S. an ounce.
