Futures pointed to a flat to slightly lower open on Tuesday as investors turned cautious about the impact of Iran's nuclear deal and an escalation of political tensions in parts of Asia.
The S&P/TSX composite index slid 6.12 points to close at 13,472.22, with futures off 0.04%.
The Canadian dollar gained 0.15 cents to 95 cents U.S. early Tuesday
Raymond James started coverage on Delphi Energy with a strong buy rating and price target $2.45 on valuation.
BMO cut the price target on Detour Gold to $9.50 from $12, reflecting the lower spot gold price and a reduction in the value ascribed to exploration.
CIBC cut the target price on Kirkland Lake Gold to $4 from $4.50 as the gold miner reduced its production forecast for second-quarter of FY2014.
ON BAYSTREET
The TSX Venture Exchange faded 2.89 points Monday to 929.26
ON WALLSTREET
U.S. investors and traders may have already entered holiday mode, with markets drifting along as Americans prepare for Thanksgiving.
Ahead of the opening bell, futures for the Dow Jones Industrials nicked up one point to 16,063. Futures for the S&P 500 picked up 1.1 points, or 0.1% to 1,803.50, and futures for the NASDAQ picked up 2.5 points, or 0.1% to 3,431.50
In corporate news, Tiffany reported earnings that blew past expectation, and raised its guidance. Barnes & Noble is also scheduled to report quarterly results before the opening bell, while Hewlett-Packard is up in the afternoon.
Shares of Carnival fell roughly 2% after the firm's vice chairman and chief operating officer, Howard Frank, sold roughly 30% of his holdings in the cruise ship company.
Shares of J.C. Penney rose after CEO Mike Ullman spent $1 million U.S. to buy 112,000 shares of the troubled retailer, according to a regulatory filing
Trading volumes are expected to remain low this week as investors gear up for Thursday's U.S. Thanksgiving holiday.
U.S. stocks had initially pushed higher Monday after diplomats forged a landmark deal with Iran over the weekend, but the move lacked conviction and stocks ended little changed.
Looking ahead to Tuesday's economic reports, the U.S. Census Bureau will release data on housing starts and building permits. The Case-Shiller index of house prices in 20 cities will be released and the Conference Board will release its monthly consumer confidence report at 10 a.m. ET.
World markets were mostly weaker, with the Nikkei 225 down 0.7% and markets in Hong Kong and Shanghai both down about 0.1% each.
Oil prices increased 42 cents to $94.51 U.S. a barrel
Gold prices added $4.80 to $1,246 U.S. an ounce.
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