Futures for Canada's main stock index were lower on Tuesday, as investors cautiously tracked developments around U.S.-China trade talks.
The S&P/TSX Composite Index was negative 0.97 points to end Monday at 16,493.46
The Canadian dollar docked 0.1 cents to 74.24 cents U.S. early Tuesday
June futures staggered 0.6% Tuesday.
WestJet Airlines reported a quarterly profit that beat analysts' estimates, as the Canadian carrier flew more passengers to the United States and other overseas destinations.
RBC raised the price target on Air Canada to $46 from $43
Canaccord Genuity cut the rating on IAMGOLD to "hold" from "buy”, and the price target to $3.75 from $7.00
CIBC raised the target price on Stella-Jones to $53.00 from $51.00
Economically speaking, Western University’s IVEY School of Business publishes its Purchasing Managers Index for April at 10 a.m. EDT.
ON BAYSTREET
The TSX Venture Exchange lost 2.8 points to finish Monday at 603.78
ON WALLSTREET
U.S. stock index futures were lower on Tuesday after a top U.S. trade official said more tariffs on Chinese goods are coming.
Futures for the Dow Jones Industrial Average plummeted 164 points, or 0.6%, to 26,244
Futures for the S&P 500 retreated 19.5 points, or 0.6%, at 2,914
NASDAQ futures slid 62.25 points, or 0.8%, to 7,741.25
ADT and Anheuser-Busch are among a host of companies reporting earnings Tuesday.
The move downward comes after U.S. Trade Representative Robert Lighthizer told reporters that the U.S. will increase levies on Chinese imports on Friday.
Lighthizer made his remarks after President Donald Trump tweeted he would raise current tariffs 10% on $200 billion of Chinese goods to 25% on Friday. He also threatened to impose extra 25% levies on another $325 billion of Chinese goods “shortly.”
Chinese Vice Premier Liu He is expected to join a delegation in the United States this week, raising hopes of a trade agreement despite the latest round of duties. However, he will only attend the negotiations on Thursday and Friday.
On the data front, there is job openings and labor turnover survey (JOLTS) due at 10 a.m. ET; and consumer credit numbers due at 3 p.m. ET.
Overseas, Japanese markets returned to trading, though the Nikkei 225 sustained a loss of 1.5%, while in Hong Kong, the Hang Seng gained 0.5%,
Oil prices sank 68 cents to $61.57 U.S. a barrel.
Gold prices dipped $3.70 at $1,280.10 U.S. an ounce.
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