Futures for Canada's main stock index edged up on Tuesday, tracking a rise in gold prices, while cautious investor sentiment ahead of the Bank of Canada's interest rate decision and economic data in the United States this week limited gains.
The TSX Composite folded 21.28 points to wind up business Monday at 21,531.07.
March futures nosed up 0.1% Tuesday.
The Canadian dollar slid 0.11 cents to 73.56 cents U.S.
The Canada Energy Regulator said on Monday it had approved a toll settlement between Enbridge and shippers for moving oil along the Canadian mainline.
ON BAYSTREET
The TSX Venture Exchange climbed 3.74 points Tuesday to 575.34.
ON WALLSTREET
U.S. stock futures ticked lower Tuesday, putting Wall Street on track to build on the previous session’s decline.
Futures for the Dow Jones Industrials caved 98 points, or 0.3%, to 38.924.
Futures for the S&P 500 fell 16 points, or 0.3%, to 5,122.75.
Futures for the NASDAQ gave back 96.25 points, or 0.5%, to 18,165.75.
AMD shares traded 2% lower after Bloomberg News reported the chipmaker hit a regulatory snag that will prevent it from selling an artificial intelligence chip to China. Apple shed 2% on the back of a report from Counterpoint Research that found iPhone sales plunged in China in the first six weeks of 2024.
GitLab tumbled more than 20% after the software company posted a weak forecast for the full year. On the other hand, Target jumped more than 7% after holiday-quarter earnings came in better than Wall Street anticipated.
On the data front, the S&P Global US Services purchasing managers’ index, durable goods orders and ISM Services Index are scheduled for release Tuesday morning.
In Japan, the Nikkei 225 ditched nearly 12 points Tuesday, while in Hong Kong, the Hang Seng index slid 2.6%.
Oil prices dropped 78 cents to $77.96 U.S. a barrel.
Gold prices climbed $9.50 to $2,035.80 U.S. an ounce.
