The Toronto stock market inched higher early Tuesday, backed by stronger commodities and optimism surrounding a two-day policy meeting for the U.S. Federal Reserve.
The S&P/TSX composite index rose 33.59 to 11,791.47 shortly after markets opened.
Attention will be focused on the Fed meeting, which is expected to include action to kick-start the U.S. economy. The anticipation comes as the European Central Bank meets on Thursday.
In commodities, the September crude contract on the New York Mercantile Exchange lifted 22 cents to $89.56 a barrel (U.S.). August gold rose $3.10 to $1,622.80 an ounce.
On Wall Street, the Dow Jones industrial average declined 20.66 points to 13,052.35 and the broader S&P futures are back 0.75 of a point to 1,384.55. Nasdaq futures gained 3.18 points at 2,949.02.
The Canadian dollar fell 0.12 of a cent to 99.70 U.S. cents.