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TSX Well-positioned Tuesday Morning -- Canadian Commentary

Early signals are positive for Canadian stocks Tuesday thanks to higher commodity prices and renewed enthusiasm for global equities.

Markets have largely shrugged off the escalating possibilty of a trade war between the U.S. and Canada.

President Donald Trump has criticized Canada and Mexico, and suggested that the neighboring countries could avoid forthcoming tariffs if they agree to a renegotiated NAFTA.

He called on the Canadian Government to treat US farmers "much better" as their policies are "Highly restrictive".

Bombardier (BBD.B.TO) said it will issue about $500 million of equity. It intends to use the net proceeds of the Offering to supplement its working capital and for general corporate purposes, consistent with Bombardier's continued proactive approach to capital management.

Marijuana major Canopy Growth (WEED.TO) is reportedly planning a takeover bid for Spain's Alcaliber.

Toronto home sales plunged 35 percent in February amid tougher mortgage rules.

CannTrust has divested its U.S. business and will list on the TSX.

Crude oil futures were higher Tuesday morning ahead of U.S. oil inventories data.

WTI light sweet crude oil was up 53 cents to $63.10 a barrel.

U.S. oil and gasoline stockpiles rose sharply last week, signaling a surprise decline in refinery demand as the driving season picks up.

by RTTNews Staff Writer

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