Futures for Canada's main stock index edged higher due to renewed hopes of resolving the ongoing trade dispute between the United States and China.
The S&P/TSX Composite Index let go of 118.04 to end Monday at 15,156.40
The Canadian dollar acquired 0.09 cents at 75.60 U.S. early Tuesday
December futures gained 0.3% Tuesday.
CIBC cut the price target on Interfor to $21.00 from $23.00
RBC cut the price target on Heroux Devtek to $19.00 from $20.00
Canaccord Genuity raised the rating on Just Energy Group to speculative buy from hold
ON BAYSTREET
The TSX Venture Exchange caved 13.15 points, or 2%, Tuesday to 638.27
ON WALLSTREET
U.S. stock futures traded solidly higher in the pre-market Tuesday, helped by a strong quarter for retailer Home Depot and reports of renewed trade talks between the U.S. and China.
Futures for the Dow Jones Industrials gained 87 points, or 0.3%, to 25,460
S&P futures gained 11.5 points, or 0.4%, to 2,739.25, while the NASDAQ Composite jumped 35.25 points, or 0.5%, to 6,870.25.
Dow futures received a boost after Home Depot reported earnings that handily topped expectations. Sentiment was also lifted after The Wall Street Journal reported Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He had resumed trade talks. The report comes ahead of a meeting between President Donald Trump and Chinese President Xi Jinping.
On Monday, equities dived with the Dow falling just over 600 points amid a confluence of worries including a sharp decline in Apple's share price, U.S. dollar strength and simmering global trade tensions.
Shares of Apple closed 5% lower on Monday after Lumentum, one of the tech giant's facial recognition suppliers, cut its outlook and said it received a request from a large customer to "materially reduce shipments" of its 3-D sensing laser diodes.
Stocks also fell on Monday after Bloomberg News reported that Trump intends to meet with his trade team on Tuesday to discuss a draft report on European auto tariffs.
Overseas, in Japan, the Nikkei 225 collapsed 2.1% Tuesday, while in Hong Kong, the Hang Seng index actually gained 0.6%.
Oil prices dipped 95 cents to $58.98 U.S. a barrel.
Gold prices faded $2.20 to $1,201.30 U.S. an ounce.
