Equity markets in Toronto pointed to a lower open on Tuesday as upbeat U.S economic data heightened worries the Federal Reserve will soon scale back its monetary stimulus.
The S&P/TSX composite index was positive 24.17 points to end Monday at 13,419.54, with futures off 0.2% Tuesday morning.
The Canadian dollar slipped 0.09 at 93.88 cents U.S. early Tuesday
Potash Corp of Saskatchewan Inc said it would cut more than 1,000 jobs, or 18% of its workforce in Canada, the United States and Trinidad.
Semafo has closed the $1.25-million sale of its 80% stake in Societe des Mines du Liptako, owner of the Samira Hill mine in Niger, to Societe de Patrimoine des Mines du Niger
TransCanada Corp. on Monday said there was currently no operating issue with its 590,000-barrel-per-day Keystone XL crude oil pipeline system.
ON BAYSTREET
The TSX Venture Exchange dipped 12.40 points Monday to 922.49
ON WALLSTREET
Tuesday marks just the second trading day of December and investors already look wary of letting the rampage run to the end of the year.
Ahead of the opening bell, futures for the Dow Jones Industrials fell 39 points, or 0.3%, to 15,959. Futures for the S&P 500 dipped 5.10 points, or 0.3%, to 1,794.60, and futures for the NASDAQ fell 4.5 points, or 0.1%, to 3,478.50
The S&P has managed gains in December for 24 of the past 30 years, but with the index up 27% so far in 2013 investors are ready to take a break.
There's little corporate or economic news expected Tuesday but the world's major automakers will release their monthly sales figures over the course of the day.
Sony said that it sold 2.1 million Playstation 4s worldwide as of Dec. 1.
European markets were outpacing Wall Street losses with dismal morning trading. France's CAC 40 down 1.7%.
Asian markets ended mixed, with Japan's Nikkei 225 advancing 0.6% as the yen weakened. Shares in Shanghai joined the rally, adding 0.6% while Hong Kong's Hang Seng declined by 0.5%.
Oil prices inched up eight cents to $93.90 U.S. a barrel
Gold prices regained $1.40 to $1,223.20 U.S. an ounce.
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