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More Declines for TSX

Russel Metals Upped in Rating


Futures tied to Canada's resources-heavy main stock index slipped on Tuesday, tracking declining metal prices, while investors awaited employment data out of the United States later in the day.

The TSX Composite sank 42.66 points to close Monday at 20,410.21.

December futures sank 0.3% early Tuesday.

The Canadian dollar faded 0.28 cents to 73.59 cents U.S.

Among individual stocks, the National Bank of Canada raised Russel Metals stocks to "outperform" from "sector perform".

On the economic ledger Tuesday, Western University’s IVEY School of Business is out with its Purchasing Managers Index for November about 10 a.m. EST.


The TSX Venture Exchange dipped 2.31 points Monday to 543.95.


Stock futures slipped Tuesday as a recent rally on Wall Street appeared to lose steam.

Futures for the Dow Jones Industrials slipped 88 points, or 0.2%, to 36,180.

Futures for the S&P 500 dropped 13.5 points, or 0.3%, at 4,563.

Futures for the NASDAQ fell 65.25 points, or 0.4%, to 15,803.75.

GitLab popped nearly 14% in the premarket after the open-source software development platform beat quarterly financial expectations and issued strong guidance for the current quarter. Lands’ End dropped 9% after posting earnings that showed weakness compared with the same three-month period a year prior.

The market is coming off a losing session. The NASDAQ fell 0.8% on Monday, as tech companies fell across the board. The S&P 500 and the 30-stock Dow slipped 0.5% and 0.1%, respectively. The pullback came on the back of five consecutive positive weeks for the three major averages.

The Fed is currently in a “blackout period,” meaning there will be limited comments from central bank officials ahead of its policy meeting next week. Elsewhere, traders will be watching for the latest Job Openings and Labor Turnover Survey report on Tuesday morning.

In Japan, the Nikkei 225 stumbled 1.4%, while in Hong Kong, the Hang Seng Index lost 1.9%.

Oil prices descended 47 cents to $72.57 U.S. a barrel.

Gold prices brightened $2.90 to $2,045.10 U.S. an ounce.