Futures tied to Canada’s main stock index rose on Tuesday, supported by crude prices, in the period around the Christmas Day holiday that is historically beneficial for equities.
The TSX climbed 149.5 to close Monday at 24,748.98.
The Canadian dollar ditched 0.14 cents to 69.43 cents U.S.
March Futures grabbed 0.2% Tuesday.
Toronto markets will close at 1:00 p.m. ET on Tuesday on account of a half-day Christmas holiday. Trading volumes are expected to be light throughout the day.
In corporate news, Canada’s antitrust regulator said on Monday it was suing Rogers Communications for allegedly misleading consumers about offering unlimited data under some phone plans.
ON BAYSTREET
The TSX Venture Exchange regained 3.07 points Monday to 589.84.
ON WALLSTREET
Stock futures were flat early Tuesday after all three major averages kicked off the holiday-shortened trading week in the green.
Futures for the Dow Jones Industrials backed off nine points to 43,310.
Futures for the S&P 500 nosed ahead 7.25 points, or 0.1%, to 6,043.25.
Futures for the NASDAQ jumped 44.75 points or 0.4%, to 21,647.
Trading is expected to be relatively muted during the week. The New York Stock Exchange closes early Tuesday for Christmas Eve at 1 p.m. ET, and the market is shut on Christmas Day.
American Airlines shares fell more than 3% in light premarket trading after the company said it grounded all flights in the U.S. due to an unspecified technical issue.
In Japan, the Nikkei 225 slid 0.3% Tuesday, while in Hong Kong, the Hang Seng surged 1.1%
Oil prices hiked 53 cents to $69.77 U.S. a barrel.
Gold prices gained $1.80 to $2,630 U.S. an ounce.