Market Summary Article

S&P/TSX Composite Index

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S&P/TSX Venture Composite Index

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Positive Start to Week

Stock futures point at a higher opening for Canada's main stock index on Tuesday after the Thanksgiving holiday.

The TSX Composite Index lost 7.52 points to finish Friday at 16,415.16, ending a brief win streak, losing 34.19 points on the week.

The Canadian dollar was unchanged at 75.59 cents U.S. early Tuesday

December futures improved 0.2% early Tuesday.

Canaccord Genuity started coverage on Knight Therapeutics with a "buy" rating

CIBC cut the target price on Trican Well Service to $1.25 from $1.50.


The TSX Venture Exchange retreated 1.84 points Friday to 540.76, for a loss on the week of 18 points, or 3.2%.


U.S. stock index futures were higher Tuesday morning, after a number of major companies posted big earnings beats.

Futures for the Dow Jones Industrials shot higher 67 points, or 0.3%, early Tuesday at 26,813

Futures for the S&P 500 gained 7.5 points, or 0.3%, at 2,977

NASDAQ Composite added 15.5 points, or 0.2%, to 7,871.75

Earnings season kicked off with stronger-than-expected results from J.P. Morgan Chase, Johnson & Johnson, UnitedHealth, and BlackRock, sending shares higher in the pre-market. Shares of Goldman Sachs fell, however, after its earnings missed Street estimates.

Citigroup and Wells Fargo are also set to release their latest performance numbers before the bell, while United Airlines and Interactive Brokers will release earnings after the bell.

Meanwhile, market players are monitoring developments on the trade front. U.S. Treasury Secretary Steven Mnuchin told the media that tariffs will go up in December if there is no deal in place with China.

Overseas, in Japan, the Nikkei 225 gained 1.9% Tuesday, while in Hong Kong, the Hang Seng Index demurred 0.1%.

Oil prices dipped 41 cents to $53.18 U.S. a barrel.

Gold prices fell 30 cents to $1,497.70 U.S. an ounce.

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