Stock futures pointed to a lower opening in Toronto on Tuesday, even as crude oil prices edged up from multi-year lows.
The S&P/TSX composite index fought its way back into the green 10.08 points, to close Monday at 13,034.38
The Canadian dollar took on 0.2 cents to 71.83 cents U.S. early Tuesday
Australia's antitrust regulator said it would consider a watered down version of Canadian infrastructure giant Brookfield Asset Management Inc's $6.5-billion bid for freight firm Asciano Ltd, reviving the prospect of a deal.
Canada's federal and provincial financial ministers are considering not raising premiums for the Canada Pension Plan, federal Liberal Finance Minister Bill Morneau said on Monday, despite a Liberal campaign promise to enhance the plan.
Barclays cut the price target on Canadian Pacific Railway to $190.00 from $210.00
RBC cut the price target on CIBC to $107.00 from $109.00
Dundee Capital initiated coverage on Oban Mining Corp. with a buy rating
ON BAYSTREET
The TSX Venture Exchange inched up 0.29 points Monday to 501.59
ON WALLSTREET
U.S. stock futures are looking lukewarm ahead of the open.
Ahead of the opening bell, futures for the Dow Jones Industrials gained 27 points, or 0.2%, to 17,205, futures for the S&P 500 added four points, or 0.2%, to 2,019. NASDAQ futures picked up 3.75, or 0.1%, to 4,566.75
On a kind of slow day for earnings, ConAgra is reporting ahead of the open. Nike will issue results after the close.
The U.S. Department of Commerce is releasing its updated GDP estimate for the third quarter this morning. The last estimate showed the U.S. economy grew by 2.1%.
Most European markets are declining in early trading. Most Asian markets ended the day with gains. However, the Nikkei 225 index in Japan was under pressure.
Shares in Toshiba dropped another 12.3% in Japan on Tuesday to close at the lowest level since the financial crisis.
Toshiba forecast Monday that it would lose $4.5 billion U.S. this year as it continues to deal with the aftermath of a massive accounting scandal. Investors immediately hit the sell button.
Oil prices gained 11 cents to $35.92 U.S. a barrel
Gold prices picked up $1.33 to $1,079.73 U.S. an ounce.
