Toronto’s main stock index was set for a slightly higher open on Tuesday, after debt-laden Greece finally secured a second bailout that would help resolve its immediate financing needs. Investors, however, were still cautious about the plan’s viability as tough austerity measures kick in later in the year.
FACTORS TO WATCH
- Canadian equity futures: pointed to a higher open.
- U.S. stock index futures advanced after eurozone finance ministers secured a deal that will enable Greece to avoid a March default.
- European stocks fell, retreating from near-seven month highs, as investors booked recent profits following a long-awaited deal over a new bailout for Greece that failed to dispel concerns over the outlook for the troubled country.
COMMODITY PRICE MOVES
- The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, rose 0.46% in early trade.
- Oil stayed within sight of $120 a barrel as world consumers grappled with supply disruptions ranging from Iran…
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