Futures to Keep Roll Going

Futures for Canada's main stock index were poised to open higher on Tuesday, mirroring mood across global stock markets, although gains were limited by a retreat in commodity prices.

The TSX Composite hiked 68.69 points to close Monday at 21,284.84.

The Canadian dollar gained 0.17 cents to 80.94 cents U.S.

December futures progressed 0.2% Tuesday.

Meanwhile, investors are focused on corporate earnings as major companies including Lundin Mining, Methanex and Mullen Group are scheduled report later this week.

RBC raised the target price on CI Financial to $32.00 from $30.00

RBC then raised the target price to $53.00 from $52.00

CIBC cut the rating on Onex Corp. to neutral from outperform.

Prime Minister Justin Trudeau, who fell short of a majority in last month's election, will introduce a Cabinet on Tuesday that analysts say should hone in on the fight against climate change.

ON BAYSTREET

The TSX Venture Exchange grabbed 15.09 points, or 1.5%, Tuesday to 963.93

ON WALLSTREET

U.S. stock futures rose in morning trading Tuesday as investors await a slew of major technology earnings with the broader market at a record high.

Futures for the Dow Jones Industrials gained 117 points, or 0.3%, to 35,737.

Futures for the S&P 500 advanced 19.25 points, or 0.4%, to 4,577.25

Futures for the NASDAQ Composite Index leaped 93.75 points, or 0.6%, to 15,589.50.

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Shares of social media giant Facebook ticked 2.3% higher in pre-market trading after the company topped analysts’ earnings expectations. Facebook missed expectations for revenue and monthly active users.

United Parcel Service also saw its shares increase 2% pre-market after the shipping firm posting strong beats on profit and revenue across all business segments.

In other earning news, Dow component 3M gained 2.2% pre-market after beating earnings on the top and bottom lines.

General Electric rose 1.4% in pre-market trading after the company issued an upward revision to its full-year earnings forecast while reporting higher than expected third-quarter profit.

Technology darlings Alphabet and Microsoft traded higher heading into their earnings reports after the bell on Tuesday. Microsoft bulls are expecting a strong quarter for Microsoft, bolstered by its key Azure business. Analysts are expecting Alphabet earnings to come in 43% higher year over year.

Twitter, Advanced Micro Devices and Robinhood also report quarterly earnings after the bell on Tuesday.

Shares of Intercontinental Exchange jumped 3.7% pre-market, the day after media reports sugfaced that Mastercard will partner with ICE’s spinoff Bakkt in a move to allow customers to integrate cryptocurrencies into their products. ICE will provide behind-the-scenes custodial services for those that sign up.

Overseas, in Japan, the Nikkei 225 galloped 1.8% Tuesday, while in Hong Kong, the Hang Seng lost 0.4%.

Oil prices gained 26 cents to $84.02 U.S. a barrel.

Gold prices fell $1.50 to $1,805.30 U.S. an ounce.