Bay Street Likely To Open On Positive Note

(RTTNews) - Higher U.S. and Canadian futures, firm commodity prices and European stocks point to a positive start on Bay Street Tuesday morning. Worries about potential fresh tariffs by the Trump administration may weigh a bit and cap market's upside.

Descartes Systems Group (DSG.TO) has acquired 3GTMS, a provider of transportation management solutions, for approximately $115 million.

The Canadian market closed on a firm note on Monday with stocks from several sectors moving higher as investors indulged in some strong buying amid slightly easing concerns about potential new tariffs by the Trump Administration.

Investors reacting to reports that the U.S. will likely adopt a more moderate, targeted approach to upcoming tariffs.

The benchmark S&P/TSX Composite Index closed with a gain of 335.62 points or 1.34% at 25,304.11. The index opened with a positive gap of nearly 100 points at 25,060.21, and climbed to a high of 25,357.80.

Asian stocks ended mixed on Tuesday as investors awaited greater clarity on the next round of tariffs from U.S. President Donald Trump.

Trump said there will be "flexibility" on his reciprocal tariff plan but announced that the United States will soon implement new tariffs on a range of products, including cars, aluminum, and steel - adding to investor anxiety in the face of global conflicts and economic instability.

The major European markets are up firmly in positive territory today, rebounding well from recent weakness. Investors, digesting the latest batch of economic data and earnings news, are awaiting clarity on fresh tariffs by U.S. President Donald Trump.

In commodities, West Texas Intermediate Crude oil futures are up $0.50 or 0.72% at $69.61 a barrel.

Gold futures are gaining $7.20 or 0.25% at $3,022.80 an ounce, while Silver futures are up $0.480 or 1.43% at $33.930 an ounce.