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S&P/TSX Composite Index

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Stocks to Gain at Outset

Stock futures pointed to a higher opening for Canada's main stock index on Tuesday, as oil prices rebounded on reports of lower output from the world's largest oil producers.

The TSX Composite Index dropped 35.64 points to end Monday, the month of September and the third calendar quarter at 16,658.63

The Canadian dollar removed 0.19 cents to 75.33 cents U.S. early Tuesday

December futures picked up 0.2% early Tuesday.

A U.S. judge on Monday dismissed a lawsuit in which Comerica Inc sought millions of dollars from Bombardier Inc after the Canadian aircraft maker could not find buyers for four planes whose leases had expired.

Lithium Americas on Monday boosted its budget and production forecast for Argentina's Cauchari-Olaroz lithium brine project, a bullish move linked to the electric vehicle revolution.

National Bank of Canada raised the target price on Sun Life Financial to $63.00 from $59.00

National Bank of Canada resumed coverage on Marathon Gold with outperform rating and C$1.90 target price

On the economic front, Statistics Canada says this country ‘s economy was essentially unchanged in July as a decline in goods-producing industries was offset by an increase in services-producing industries,

Meanwhile, the Markit Purchasing Managers Index was due for 9:30 a.m. ET.


The TSX Venture Exchange slumped 10.9 points, or 1.9%, to close Monday at 558.68


U.S. stock index futures were trading higher on Tuesday morning.

Futures for the Dow Jones Industrials gained 50 points, or 0.2%, early Tuesday to 26,951

Futures for the S&P 500 grabbed six points, or 0.2%, at 2,984.50

NASDAQ Composite improved 21 points, or 0.3% to 7,791.50

On the earnings front, Stitch Fix is set to report after the bell.

On the data front, manufacturing Purchasing Managers' Index numbers will be released at 9:45 a.m. ET; construction spending figures will be out at 10 a.m. ET.

U.S. stocks ended higher on Monday on the back of renewed optimism in U.S.-China trade talks. A spokeswoman for the U.S. Treasury said the White House "is not contemplating blocking Chinese companies from listing shares on U.S. stock exchanges at this time."

The remarks relieved some earlier fears raised by reports last week that the U.S. has been looking at restricting U.S. investments in China.

Overseas, in Japan, the Nikkei 225 gained 0.6% Tuesday, while in Hong Kong, markets were shuttered for holiday

Oil prices picked up 42 cents to $54.49 U.S. a barrel.

Gold prices improved $1.40 to $1,474.30 U.S. an ounce.

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