Stock futures pointed to a lower start for equity markets on Tuesday as oil prices fell to their lowest level in nearly three months.
The S&P/TSX Composite reversed 102.56 points to close Monday at 14,498.10, with September futures off 0.1% Tuesday
The Canadian dollar sifted off 0.09 cents to 75.57 cents U.S. early Tuesday
WestJet Airlines reported higher-than-expected quarterly revenue and profit as its passenger traffic rose and fuel costs fell.
Canadian National Railway Co reported better-than-expected quarterly earnings on Monday. A decline in shipments cut into Canadian National's revenue, but the company said it expected volumes to improve in the months ahead. Moreover, CIBC raised the price target on the stock to $86.00 from $84.00
Canaccord Genuity cut the rating on Great-West Lifeco to sell from hold.
Barclays raised the price target on Teck Resources to $16.00 from $8.00
ON BAYSTREET
The TSX Venture Exchange slid 3.63 points Monday to 766.34
ON WALLSTREET
U.S. stock futures are currently holding steady amid a flock of earnings reports.
Ahead of the opening bell, futures for the Dow Jones Industrials faded 15 points, or 0.1%, to 18,405, while futures for the S&P 500 were unchanged at 2,162.25. NASDAQ futures bolted 8.25 points, or 0.2%, to 4,662.
Tons of companies are reporting quarterly results ahead of the open Tuesday, including Verizon, 3M, DuPont, Under Armour, JetBlue and McDonald's.
After the markets close, investors will hear from Apple, Twitter, Chubb and Panera Bread.
Traders will be very focused on Apple as there are growing concerns that the iPhone's popularity may have peaked.
Shares in Texas Instruments are jumping pre-market after the company reported better-than-expected results on Monday evening.
Shares in Gilead Sciences are down about 4% -- following its earnings release.
And BP stock was slipping by about 3% in London after the oil giant released second quarter results. The company reported that the final bill for its high-profile Deepwater Horizon oil spill tallied up to $61.6 billion U.S.
Two new reports on the state of the U.S. real estate market are due on Tuesday. The Case-Shiller index on U.S. home prices from May is released at 9 a.m. ET. Then, June new home sales numbers are out at 10 a.m.
The U.S. Conference Board is also releasing consumer confidence data for July at 10 a.m.
There's a negative mood in European markets, while markets in Asia turned in stronger performances.
Oil prices dropped 58 cents to $42.55 U.S. a barrel
Gold prices eked up 30 cents at $1,319.80 U.S. an ounce.
