Toronto's resource-heavy main stock index looked set to open lower on Tuesday, hurt by falling commodity prices as uncertainties about Europe's debt revived worries about the global economy.
Monday, the S&P TSX Composite index closed down more than 52 points to 12,224.19
Among Canadian stocks to watch this morning, Bombardier Inc., with whomTurkey's Atlasjet has signed a letter of intent to buy 10 Bombardier CS300 jetliners at a price of $776 million.
Sears Canada posted a third-quarter loss, hurt by excess inventories and restructuring costs.
Suncor Energy Inc. said on Monday it resumed normal operations at the 50,000 barrel-a-day Terra Nova field off Newfoundland following a four-week maintenance shutdown.
The Canadian dollar slipped to 97.68 U.S. cents.
U.S. stock futures are lower this morning, ahead of earnings reports and economic data. Futures for the Dow Jones Industrial Average dropped 120 points to 11,940.00 and S&P 500 index futures fell 15.40 points to 1,237.00. Nasdaq 100 futures declined 27.50 points to 2,315.50.
Overseas, the spread of French, Belgian and Austrian 10-year bonds over German Bunds hit euro-era highs on Tuesday, while the equivalent Dutch spread hit its highest since early 2009.
Italian 10-year yields also rose back above the 7% level perceived to be economically unsustainable, while Spain’s Treasury paid levels not seen since 1997 to sell short-term debt.
European markets were lower today. The STOXX Europe 600 Index declined 1.4%, London's FTSE 100 Index moved down 1.1%, French CAC 40 index fell nearly 2% and German DAX 30 index dropped 2.1%.
Asian markets ended mostly lower, with Japan's Nikkei Stock Average dropping 0.7%, Australia's S&P/ASX 200 moving down 0.4% and China's Shanghai Composite rising 0.04%. Hong Kong's Hang Seng Index fell 0.8%
Benchmark crude for December delivery was up seven cents at $98.21 U.S. a barrel in electronic trading on the New York Mercantile Exchange.
U.S. gold fell 0.7% to $1,766.40 U.S. an ounce.
