June futures on the S&P/TSX index were up 0.4% at 7:02 a.m. ET.
Gold prices rose, buoyed by a weaker U.S. dollar, while investors looked for more clarity on the Federal Reserve's rate-hike trajectory. [GOL/]
Futures tracking Wall Street's indexes rose as investors braced for a busy day of earnings, with shares of Bank of America Corp and Bank of New York Mellon Corp rising 2.6% and 1%, respectively, as both lenders' first-quarter profit beat estimates. Goldman Sachs is due to report later in the day.
Limiting gains, crude prices slipped as strong Chinese economic data failed to deflect the focus from a possible increase in U.S. interest rates and wider concerns over the growth outlook. [O/R]
Investors' focus is also on March domestic producer prices and housing starts data due later in the day.
The Toronto Stock Exchange's S&P/TSX composite index closed at its highest level in two months on Monday, underpinned by technology shares and an upbeat session by miner Teck Resources Ltd.
In company news, U.S.-listed shares of Bellus Health Inc surged 97.6% in premarket trade as GSK Plc plans to buy the Canada-based drug developer in an all-cash deal for $2 billion.
Gold miner B2Gold Corp said it has started the phased closure of its Otjikoto open-pit mine in Namibia because of its depleted gold resource.
COMMODITIES AT 7:02 a.m. ET
Gold futures: $2,005; +0.37% [GOL/]
US crude: $80.71; -0.15% [O/R]
Brent crude: $84.66; -0.12% [O/R]
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
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($1 = 1.3362 Canadian dollars)
(Reporting by Shristi Achar A in Bengaluru; Editing by Sherry Jacob-Phillips)
