(RTTNews) - Canadian stocks will look to stay on the winning track Tuesday morning in New York, but early signals are mixed ahead of data on Canadian industrial and raw materials prices.

Bay Street stocks surrendered much of their daily gains late in the day Monday but still posted a 7 1/2-week closing high. The S&P/TSX Composite Index added 51.40 points or 0.56% to 9,285.51.

Mining stocks are likely to stay in play Tuesday morning after rising about 25 percent over the past two sessions. Copper prices continued to rise in early dealing ahead of an annual ratings re-calculation by commodity indices.

Energy stocks could advance after the price of oil jumped above $50 for the first time in a month on tensions in the Middle East. A dispute between Russia and Ukraine over Russia’s natural gas fueled concerns about supply interruptions.

Gold stocks could struggle as the dollar continued to improve versus the euro and yen. However, National Bank raised its price target on a number of gold producers, including Barrick Gold (ABX.TO), Kinross (K.TO), and Centerra Gold (CG.TO).

On the economic front, economists expect industrial product prices to fall 0.9 percent in November compared to the previous month. Raw materials prices are seen plunging 9 percent.

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Posted in Categories: Canada, Eurozone, Japan, Releases, Stocks, UK.

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