Canadian stocks may open higher on Tuesday, driven by strong precious metals prices that are expected to trigger buying in the materials sector. The nation's trade surplus widened to C$3.86 billion in June, the largest in over four years, as exports rose 0.4% to a record C$77.5 billion and imports edged up 0.2% to a record C$73.6 billion. The S&P Global Manufacturing PMI for Canada is due at 9:30 AM ET, while earnings are expected from Suncor Energy, Industrial Alliance, Ssr Mining, EQB, and Boralex. On Friday, the benchmark S&P/TSX Composite Index fell 279.70 points, or 0.79%, to settle at 35,226.14, with the market closed Monday for Civic Holiday.
SSR Mining IncStrong precious metals prices expected to boost materials sector, benefiting SSR Mining.
Suncor Energy Inc