Futures for Canada's main stock index pointed to a higher opening on Tuesday ahead of a U.S. inflation reading later in the day.
The S&P/TSX Composite Index recovered 26.98 points to end Monday at 15,604.79
The Canadian dollar forfeited 0.16 cents to 77.7 cents U.S. early Tuesday
March futures vaulted 0.3% higher Tuesday.
CIBC raised the price target on Cargojet Inc. to $74.00 from $62.00
RBC cut the target price on TSO3 Inc. to $1.75 from $2.00
Canaccord Genuity cut the rating on Urthecast Corp. to hold from speculative buy
The White House said President Donald Trump spoke on Monday with Prime Minister Justin Trudeau about the steel and aluminum import tariffs Trump announced last week.
ON BAYSTREET
The TSX Venture Exchange skidded 1.2 points Monday to 827.70
ON WALLSTREET
U.S. stock index futures rose on Tuesday after the release of data showing inflation remains in check.
Futures for the Dow Jones Industrial Average acquired 38 points, or 0.2%, to 25,276
S&P 500 futures moved up 4.25 points, or 0.2%, to 2,793.25 while futures on the NASDAQ Composite increased 5.25 points, or 0.1%, to 7,171
In the corporate space, on Monday, Trump shut down Broadcom's proposed buyout of Qualcomm, citing concerns based on national security.
Both companies have been ordered to abandon this deal immediately.
In Tuesday's session, economic data is set to dominate sentiment — particularly the releases concerning inflation. At 6 a.m. ET, the NFIB Small Business Optimism Index was due out, followed by a whole batch of core consumer price index data, scheduled to be released at 8:30 a.m. ET.
In Japan, the Nikkei 225 took on 0.7%, while in Hong Kong, the Hang Seng Index gained just over seven months
Oil prices settled 32 cents to $61.04 U.S. per barrel.
Gold prices slid 90 cents to $1,319.90 U.S. an ounce.
