Futures for stocks in Canada’s biggest market were little changed on Tuesday ahead of testimony by U.S. Federal Reserve Chair Janet Yellen.
The S&P/TSX Composite finished positive 27.46 points to 15,756.58 Monday, rising for the fifth straight day on Monday, posting a fresh all-time peak. Futures dipped 0.02% Tuesday
The Canadian dollar gained 0.26 cents to 76.76 cents U.S. early Tuesday.
TMX Group Ltd, which owns and operates the Toronto Stock Exchange, reported better-than-expected quarterly results as the exchange operator reaped benefits from cost cuts.
CIBC cut the target price on DHX Media to $7.50 from $8.00
CIBC raised the target price on Power Corporation of Canada to $34.00 from $33.00
Canaccord Genuity cut the target price on RDM Corp. to $5.50 from $6.00
ON BAYSTREET
The TSX Venture Exchange recovered 1.14 points to end Tuesday at 837.30
ON WALLSTREET
U.S. stock index futures pointed to a mixed on Tuesday as traders eyed earnings, data and Federal Reserve Chair Janet Yellen's testimony before the Committee on Banking, Housing, and Urban Affairs, due to commence at 10 a.m. ET.
Ahead of the opening bell, futures for the Dow Jones Industrials sagged three points to 20,380. Futures for the S&P 500 inched back 0.25 points to 2,326. NASDAQ futures fell 1.5 points at 5,257.75.
On the earnings front Discovery Communications and T-Mobile US are among companies that reported before the bell. AIG, Express Scripts and LendingClub are among companies due to report after the bell.
On the data front, the NFIB small business survey hit 105.9 last month, a slightly higher read from December, with Producer Price Index data set for release this morning as well.
European markets dipped by noon local time, while Asian stocks were generally down. The Nikkei 225 in Japan slouched 1.1%, while the CSI 300 in Shanghai eased half a point.
Oil prices acquired 34 cents to $53.27 U.S. a barrel
Gold prices took on $8.30 to $1,234.10 U.S. an ounce.
