Stock futures pointed to a lower start for equities in Toronto on Tuesday ahead of the U.S. Federal Reserve's two-day meeting that begins later in the day.
The S&P/TSX composite index grew 131.26 points, to conclude Monday at 14,862.76, with March futures shedding 0.1% Tuesday.
The Canadian dollar dipped 0.02 to 78.26 cents U.S. early Tuesday.
A new privately held Malaysian airline intends to buy 20 CS100 aircraft from Bombardier Inc for $1.5 billion U.S., in what could be the Canadian plane maker's first order in Southeast Asia for its long-delayed CSeries passenger jet program.
National Bank Financial resumes coverage on Encana with a sector perform rating
Raymond James raises the rating on Legumex Walker to outperform from market perform
CIBC cut the rating on Dorel Industries to underperform from sector performer
On the economic front, Statistics Canada reported that manufacturing sales in this country fell 1.7% in January due mostly to a price-induced decline of 11.9% in sales of petroleum and coal products.
ON BAYSTREET
The TSX Venture Exchange shed 0.76 points Monday to 663.84
ON WALLSTREET
U.S. stock futures were pointing to a softer start to trading Tuesday.
Ahead of the opening bell, futures for the Dow Jones Industrials subsided 49 points, or 0.3%, to 17,806. Futures for the S&P 500 dipped 5.5 points, or 0.3%, to 2,063, and futures for the NASDAQ slid 3.75 points, or 0.1%, to 4,349.
Burlington Stores and footwear retailer DSW are due to report ahead of the open. Computer tech maker Oracle will report after the close.
On the economic front, the U.S. government will post February housing starts and building permits.
The Federal Reserve kicks off a two-day policy meeting on Tuesday and all attention is on the timing of an interest rate rise.
Low rates in the U.S. have been a driving force behind the near-200% rise in stocks since March 2009, but that's about to come to an end. The question is when.
European markets were moving lower in early trading, with Germany's DAX snapping its recent record breaking run.
Things looked brighter in Asia, as hopes of more policy support to boost China's slowing economy buoyed stocks. The Shanghai Composite rallied 1.6%, while Japan's Nikkei index closed up 1%.
Oil prices fell $1.19 to $42.69 U.S. a barrel
Gold prices faded 90 cents to $1,152.30 U.S. an ounce.
