Stock futures pointed to a lower opening for Canada's main stock index after China's surprise move to devalue the yuan hit prices of commodities.
The S&P/TSX composite index closed the day higher by 163.69 points, or 1.1% to 14,466.39.
The Canadian dollar slid 0.44 cents to 76.47 cents U.S. early Tuesday
CIBC cut the target price on Kelt Exploration to $9.50 from $11.00 as the company reported second quarter results that were in line on production, but light on cash flow and the lower guidance for 2015.
The earnings lineup consists in part of AGT Food and Ingredients, a company expecting Q2 earnings of 35 cents per share
Alexco Resource expects a Q2 loss of three cents per share
Alterra Power is expecting Q2 earnings of a penny per share
Cara Operations is expecting Q2 earnings of 21 cents per share
On the economic front, Canada Mortgage and Housing Corporation was due out this morning with housing starts data for July.
ON BAYSTREET
The TSX Venture gained 6.33 points Monday to 582.93.
ON WALLSTREET
A devaluation in the Chinese currency sent equity futures in the United States floundering early Tuesday
Ahead of the opening bell, futures for the Dow Jones Industrials subtracted 127 points, or 0.7%, to 17,426, futures for the S&P fell 14 points, or 0.7%, to 2,085.75, and futures for the NASDAQ eased off 16.5 points, or 0.4%, to 4,549.50
Google stock is rallying about 6% pre-market after the tech giant announced a massive restructuring plan.
Google is going to have a new parent company -- called Alphabet -- that will separate its Internet based business from its research undertakings. The company is also making some management changes.
Red Robin is among the companies reporting earnings ahead of the open. Then after the close, Fossil will release results.
On the economic front, the federal government will release new data on U.S. business production costs and productivity at 8:30 a.m. ET.
Productivity was down 3.1% in the first quarter, and analysts think that trend could continue.
The Chinese yuan dropped sharply against the U.S. dollar overnight after China's central bank announced a surprise policy change.
The central bank said it decided to allow market forces greater control over the yuan, and announced a major change in how the currency's daily "fix" or "midpoint" will be calculated.
Greece and its euro-zone partners are poised to finalize a third bailout deal worth about 86 billion euros ($95 billion U.S).
European markets are mostly declining in early trading, though Greek stocks rose 1.5% as the country moved closer to securing a new bailout.
Asian markets broadly finished the day in the red.
Oil prices moved back 83 cents to $44.13 U.S. a barrel
Gold prices moved forward $4.80 to $1,108.90 U.S. an ounce.
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