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Flat Open Foreseen for TSX

Nov 07, 2017 (Baystreet.ca via COMTEX) --

Markets in Canada's largest centre were poised to open flat on Tuesday, following a strong run a day earlier that pushed the index near an all-time high.

The S&P/TSX Composite Index gained 72.04 points to close Monday at 16,092.20, yet another all-time high

The Canadian dollar dipped 0.02 cents at 78.33 cents U.S. Tuesday morning.

December futures were down 0.01% Tuesday morning.

Canadian Natural Resources on Tuesday forecast a 17% rise in 2018 production, although it lowered its capital budget for the year.

Chevron Canada is forging ahead with its first ever Canadian shale play development, targeting the East Kaybob region of central Alberta's Duvernay formation.

CIBC cut the rating on Genworth MI Canada to neutral from outperform, while RBC cut the firm's rating cuts to underperform from sector perform

CIBC raised the rating on TVA Group to neutral from underperform

TD Securities raised the rating on IGM Financial to buy from hold

Canaccord Genuity cut the rating on Cogeco Communications to hold from buy

ON BAYSTREET

The TSX Venture Exchange stayed positive 3.62 points Monday to 795.60

ON WALLSTREET

U.S. stock index futures pointed to a mixed open on Tuesday, as investors geared up for another big batch of earnings from major U.S. companies.

Futures for the Dow Jones Industrials gained 11 points, or 0.1%, to 23,498

S&P 500 futures faded 0.75 points to 2,588, while futures on the NASDAQ Composite index fell 2.25 points to 6,311.25.

Marriott, Blue Buffalo, Match Group, Lattice Semiconductor, Snap and Zillow are expected to publish corporate earnings after the bell.

In the data space, JOLTS data are due at 10 a.m. ET and consumer credit at 3 p.m. ET.

Looking to the political sphere, President Donald Trump has been continuing with his excursions abroad in Asia this week.

Overseas, European stocks trading were mixed approaching noon on the continent, while Japan's Nikkei 225 rocketed 1.7%, while in Hong Kong, the Hang Seng Index gained 1.4%.

Oil prices dipped four cents to $57.31 U.S. per barrel.

Gold prices retreated $3.80 to $1,277.80 U.S. an ounce.

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