FX.co ★ Bay Street Likely To Open Slightly Higher

Canadian stocks are poised for an upward start on Tuesday, though trading activity may be subdued and volumes light due to an early market closure at 1 PM. The market will also remain closed on Wednesday and Thursday in observance of Christmas and Boxing Day.

Rogers Communications Inc. (RCI.B.TO) will draw attention following news that Canada's antitrust regulator has filed a lawsuit against the company for allegedly misleading customers regarding unlimited data offerings in certain plans.

On Monday, the Canadian market concluded on a strong note, driven by gains in energy stocks. The session started off hesitantly, but investor confidence increased as the day progressed, despite lower trading volumes ahead of the holiday break.

The S&P/TSX Composite Index, which had dipped to 24,510.50, rebounded to close with an increase of 149.50 points, or 0.61%, settling at 24,748.98.

In Asia, stock markets closed mostly higher on Tuesday, following a narrow trading range. Both Hong Kong and Sydney markets closed early in light of Christmas Eve.

European stocks are experiencing slight gains amid thin volumes. The German and Swiss markets are closed today, while those in the U.K. and France will have an early closure for Christmas Eve.

In commodities, West Texas Intermediate crude oil futures have risen by $0.41, or 0.58%, priced at $69.65 per barrel.

Gold futures have seen an increase of $2.30, or 0.1%, reaching $2,630.50 per ounce, while silver futures have declined by $0.049, or 0.16%, to $30.140 per ounce.