Futures Unchanged Tuesday

Lucara, Cenovus in Focus

Futures for Canada's main stock index were flat on Tuesday, but stayed near three-month highs, with investors cautious as the list of global uncertainties grows.

The S&P/TSX Composite Index strengthened 62 points to close Monday at 15,516.23

December futures nosed up 0.01% Tuesday morning.

The Canadian dollar subtracted 0.19 cents to 80.67 cents U.S. Tuesday morning.

Vancouver-based Lucara Diamond says a tennis ball-sized rough diamond it unearthed nearly two years ago has been sold for $53 million U.S.

Canaccord Genuity raised the target price on Cenovus Energy to $15.00 from $14.50

Eight Capital raised the target price on Ecobalt Solutions to $2.20 from $1.45


The TSX Venture Exchange picked up 4.34 points Monday to 782.44


U.S. stock index futures pointed to a slightly higher open Tuesday as technology stocks looked set to recover from Monday's selloff.

Futures for the Dow Jones Industrials lost 53.5 points, or 0.2%, to 22,296.09

S&P 500 futures slid 5.56 points, or 0.2%, to 2,496.66, while futures on the NASDAQ Composite index dumped 56.33 points, or 0.2%, to 6,370.59

On the earnings front, Carnival and Darden Restaurants are both poised to release their latest earnings figures before the bell. Nike will report after the bell.

On matters macroeconomic, investors will be watching for flash services PMIs (Purchasing Managers' Index) due at 8:30 a.m. ET, new home sales numbers for August out at 10 a.m. ET and consumer confidence levels, also out at 10 a.m. ET.

North Korea's Foreign minister said Monday that one tweet from U.S. President Donald Trump over the weekend was a declaration of war. Pyongyang said it now had the right to take countermeasures, which could include shooting down U.S. bombers even if they are not in North Korea's air space. The U.S. administration responded saying that such an accusation was "absurd."

Overseas, European stocks were marginally lower by Tuesday noon on the continent, while Japan’s Nikkei 225 demurred 0.3%, and CSI 300 in Shanghai poked up 0.1%.

Oil prices slumped six cents to $52.16 U.S. per barrel.

Gold prices lost $6.20 to $1,305.30 U.S. an ounce.