11/25/2015 07:55 EST | Updated 11/25/2016 00:12 EST

Futures point to higher open for New York markets ahead of U.S. holiday

TORONTO — The futures market suggested a higher open for stock markets in what is expected to be a light trading day ahead of the U.S. Thanksgiving holiday.

Investors are keeping a keen eye on developments in the Middle East after Turkey shot down a Russian warplane.

The downing of the Russian fighter plane that Turkey says violated its airspace and ignored warnings has added complexity to the crisis in Syria.

Russia says its jets did not violate Turkish airspace, as NATO works to reduce tensions at an extraordinary meeting.

On the commodity markets, the December gold contract fell US$1.50 at US$1,072.30, while the January crude oil contract dropped 77 cents at US$42.10.

The January contract for natural gas edged down 0.9 of a cent at US$2.315.

The Canadian dollar gained 0.03 of a cent at 75.17 cents U.S.


The Canadian Press