Canadian stocks looked set to open slightly lower on Tuesday
The S&P/TSX Composite Index fell 5.48 points shy of breakeven to close Monday at 16,347.98
The Canadian dollar demurred 0.19 cents to 80.11 cents U.S. Tuesday morning.
March futures dropped 0.02% Tuesday.
A trade group representing U.S. auto parts makers on Monday urged the Trump administration to adopt North American Free Trade Agreement automotive rules that cover research, engineering, design and software development work as part of North American regional value content goals.
Canaccord Genuity raised the price target on Alimentation Couche-Tard to $75.00 from $74.00
CIBC cut the price target on Western Energy Services to $2.50 from $2.75
ON BAYSTREET
The TSX Venture Exchange gained 18.14 points, or 2.1%, Monday to 898.58
ON WALLSTREET
NASDAQ 100 futures rose on Tuesday after video-streaming giant Netflix reported better-than-expected subscriber growth for the fourth quarter.
Futures for the Dow Jones Industrials increased five points to 26,200
S&P 500 futures inched back 1.5 points, or 0.1%, to 2,833.75, while futures on the NASDAQ Composite gained 5.75 points, or 0.1%, at 6,936.75, while shares of Netflix spiked 10% higher in the pre-market. Netflix also reported quarterly earnings and sales that beat expectations.
Dow components Johnson & Johnson, Procter & Gamble and Travelers Cos. all reported better-than-expected earnings and revenue on Tuesday. Verizon, another Dow component, posted a profit that missed expectations, while sales surpassed analyst estimates.
Texas Instruments and United Continental are among the companies scheduled to report Tuesday after the bell.
In data news, the Philadelphia Fed non-manufacturing survey is set to come out at 8:30 a.m. ET, followed by the Richmond Fed Survey of Manufacturing Activity at 10 a.m. ET.
Overseas, Japan’s Nikkei 225 index hiked 1.3%, while in Hong Kong, the Hang Seng Index added 1.7%.
Oil prices gained 34 cents to $63.91 U.S. per barrel.
Gold prices improved $4.10 to $1,336 U.S. an ounce.
