Canadian stock futures were little changed on Tuesday as investors seemed wary of making big bets ahead of Bank of Canada's interest rate decision on Wednesday.
The S&P/TSX Composite Index strengthened 78.12 points to close Monday at 15,105.28
September futures poked up 0.02% early Tuesday.
The Canadian dollar backed off 0.14 cents to 77.43 cents early Tuesday
Canaccord Genuity cut the rating Bellatrix Exploration to hold from speculative buy
Canaccord Genuity cut the price target on CES Energy Solutions to $7.50 from $10.00
Canaccord Genuity cut the rating on Tamarack Valley Energy to hold from buy
Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada picked up in June. The seasonally-adjusted annual rate of housing starts in June came in at 212,695 units, up from 194,955 units in May. Economists had expected the annual rate to come in at 200,000.
ON BAYSTREET
The TSX Venture Exchange dropped 2.68 points to 752.54
ON WALLSTREET
U.S. stock index futures pointed to a relatively flat open on Tuesday, as investors prepared themselves for a slew of data announcements and speeches by members of the U.S. Federal Reserve.
Ahead of the opening bell, futures for the Dow Jones Industrials settled lower 14 points, or 0.1%, to 21,345. Futures for the S&P 500 fell 1.75 points, or 0.1%, to 2,422.75. NASDAQ futures docked eight points, or 0.1%, to 5,686
Sticking with financial news, PepsiCo posted better-than-expected quarterly results.
On the data front, the National Federation of Independent Business small business optimism index slipped to 103.6 in June from 104.5 in May.
Wholesale trade and the U.S. Labor Department's JOLTS (Job Openings and Labor Turnover Survey) report are also due at 10 a.m. ET.
Looking to the central banking space, a number of U.S. Federal Reserve members will be delivering speeches on Tuesday.
European markets were under pressure early Tuesday afternoon, while Japan’s Nikkei 225 moved up 0.6% and Shanghai’s CSI 300 hiked 0.5% to a new 18-month high.
Oil prices slid 43 cents to $43.97 U.S. per barrel.
Gold prices doffed $3.20 to $1,210.00 U.S. an ounce.
