Futures for Canada's main stock index edged higher on Tuesday, helped by a rise in oil prices as Washington approved sanctions on Venezuelan state-owned oil firm.
The S&P/TSX Composite Index squeezed out gains of 12.57 points to end Monday at 15,378.62
The Canadian dollar nosed up 0.02 cents at 75.42 cents U.S. early Tuesday
March futures nicked higher 0.2% Tuesday.
M2 Cobalt Corporation said on Tuesday that its initial drilling indicates that there may be more cobalt in Uganda than previously thought.
Mitsubishi Aircraft on Monday accused Bombardier of using "anti-competitive conduct" to limit competition for planes with less than 100 seats, as the Japanese company works to bring its long-delayed regional jet to market.
Desjardins raised the rating on IAMGOLD to buy from hold.
BMO cut the price target on Saputo to $43.00 from $44.00
Desjardins cut the rating on SNC-Lavalin Group to hold from buy.
ON BAYSTREET
The TSX Venture Exchange popped 10.22 points, or 1.7%, Monday, to 614.78
ON WALLSTREET
U.S. stock index futures pointed to a slightly higher open on Tuesday as investors pored through the latest batch of corporate earnings.
Futures for the Dow Jones Industrial Average recovered 56 points, or 0.2%, to 24,529
Futures for the S&P 500 gained 2.5 points, or 0.1%, to 2,644.5
NASDAQ futures picked up 11.5 points, or 0.2%, to 6,713.25
Shares of 3M rose 3% in the pre-market after the company reported better-than-expected earnings. Pfizer, Allergan, Verizon and Biogen also posted stronger-than-forecast profits. Investors will be waiting for more earnings reports after the bell, with companies like Apple, Amgen and eBay set to report.
Market focus is also largely attuned to global trade developments, after prospects for a long-awaited U.S.-China trade deal were dealt another setback. It comes after Washington leveled sweeping charges against Beijing’s telecom giant Huawei.
In terms of economic data, there will be consumer confidence numbers out at 10 a.m. ET as well as fourth-quarter housing vacancies. The Dallas Fed services numbers will be out at 10.30 a.m. ET.
The Federal Reserve is due to start its two-day meeting Tuesday with a decision on interest rates due Wednesday.
Overseas, in Japan, the Nikkei 225 gained a mere 0.1% Tuesday, while in Hong Kong, the Hang Seng index sank 0.2%
Oil prices acquired 47 cents to $52.46 U.S. a barrel.
Gold prices advanced $5.20 to $1,299.40 U.S. an ounce.
