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Bay Street Upbeat As Global Mood Brightens -- Canadian Commentary

Canadian stocks may build on modest gains from the previous session Tuesday, with all eyes on the tech sector as Apple debuts its newest smartphone.

The TSX Composite Index was up 54.55 points to 15,039.98, snapping a recent losing skid.

Global markets performed well overnight, while U.S. and Canadian futures point to an upbeat open.

Manulife (MFC.TO) announced numerous management changes. Steve Roder, Manulife's Chief Financial Officer, has decided to retire for personal reasons, effective year end.

Philip Witherington, currently the interim President and CEO of Manulife Asia, has been appointed Manulife's Chief Financial Officer, effective January 1, 2018, subject to immigration approvals.

WestJet Airline Ltd.(WJA.TO) said its load factor was up sharply in August.

Tahoe Resources surged in early trading Monday after Guatemala's Supreme Court reinstated the company's licence for its Escobal mine

Government officials from the UK and Canada will meet next week to discuss Boeing's complaints against Bombardier (BBD.B.TO).

Home Capital's (HCG.TO) Oaken Financial announced major cuts in GIC rates

Crude oil inched higher Tuesday morning, adding to yesterday's gains amid signs that OPEC will further extend its supply quota plan.

OPEC and its allies are discussing extending the oil production cuts that expire in March 2018 by more than three months, Bloomberg reports.

The cartel said its production fell in August, and also revised higher its global oil demand growth forecasts for this year.

WTI light sweet oil was up 17 cents at $48.24 a barrel.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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