Stock futures pointed to a lower opening for Canada's main stock index on Tuesday
The S&P/TSX composite index plummeted 136.35 points to end Monday at 15,129, with December futures off 0.3%.
The Canadian dollar regained 0.3 cents to 90.85 cents U.S. early Tuesday.
A U.S. court ordered drug maker Allergan to produce board documents related to its strategy to counter a hostile bid by William Ackman's
Pershing Square Capital Management and Valeant Pharmaceuticals International.
Mackie cut the price target on Capstone Mining to $3.60 from $3.70, with buy rating
BMO cut the target price on Turquoise Hill Resources to $5.00 with an outperform rating.
Canaccord Genuity raised the rating on WSP Global to buy from hold
Interest rates may have to be about one-and-a-half percentage points lower than they have been historically in order for the Canadian economy to operate at full capacity, the Bank of Canada said on Monday.
On the economic beat, Statistics Canada reported this morning that retail sales paused in July, edging down 0.1% to $42.5 billion, this, after six straight monthly gains.
ON BAYSTREET
The TSX Venture Exchange slid 26.97 points Monday to 928.09.
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ON WALLSTREET
U.S. stock futures are edging lower and European markets are firmly in negative territory.
Ahead of the opening bell, futures for the Dow Jones Industrials retreated 44 points, or 0.3%, to 17,055. Futures for the S&P 500 dipped six points, or 0.3%, to 1,980.25, and futures for the NASDAQ docked 14.25 points, or 0.4%, to 4,038.50.
Shares in AbbVie could take a hit when trading opens as the firm had been planning to slash its taxes by moving its legal home out of the United States through a $54.7-billion U.S. takeover of the British firm Shire.
Shares in Shire were dropping by over 6% in London -- the biggest decliner on the FTSE 100 index.
CarMax and Carnival will report earnings before the opening bell. Bed Bath & Beyond will report after the close.
Investors may have been unsettled by news that the U.S. and several allies had launched air strikes against ISIS in Syria. Oil and gold prices ticked higher.
European sentiment was knocked by a purchasing managers' survey showing growth in euro-zone manufacturing and services continued to weaken in September, falling to its lowest level this year.
Asian markets ended with mixed results Tuesday.
Oil prices increased 61 cents to $91.48 U.S. a barrel
Gold prices gained $15.80 to $1,233.70 U.S. an ounce.
