RTTNews - Canadian stocks will look to rebound on Tuesday after a sharp sell-off in the previous session. World markets are seeing slight strength after sharp declines yesterday on worries the global economy may continue to struggle.
Gold and oil are up slightly after falling sharply on Monday. Gold prices inched up $2.10 to $937.90 per ounce, while copper is down 1.75 cents at $2.768 a pound. Crude oil up 19 cents at $66.94.
Oil and natural gas company Cequence Energy (CQE.TO) said that it agreed to buy certain oil and gas producing properties from one of the major publicly traded oil and natural gas company as well as from a private concern. The deal price is valued at about $19 million in cash.
Gran Tierra Energy (GTE.TO) said it has resumed regular production operations in the Putumayo Basin of Southern Colombia.
WebTech Wireless (WEW.TO) said it has received an order for 500 model WT5000 Locators from Bridge Security for their customer Vodafone Ghana.
Manulife (MFC.TO) could triple its offices in CHina in five years, according to Bloomberg. The inusurer currently has 36 offices in the country.
On Monday, the S&P/TSX Composite Index dropped 316.42 points or 2.9% to close at 10,480.18. This marks the lowest close since July 29.
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