Futures for Canada's main stock index inched lower on Tuesday, tracking weakness in both crude and bullion prices, while investors awaited the U.S. Federal Reserve's meeting this week.
The S&P/TSX Composite finished Monday down 69.78 points to 20,692.22.
June futures slid 0.2% on Tuesday.
The Canadian dollar gained 0.08 cents to 77.69 cents U.S.
Nutrien on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world's largest fertilizer company benefits strongly from soaring prices of crop nutrients.
Restaurant Brands International beat estimates for quarterly revenue on Tuesday, boosted by higher prices and increased traffic at the Burger King parent's restaurant chains as more consumers stepped out of their homes and resumed pre-pandemic habits.
Citigroup raised the price target on Air Canada to $25.50 from $24.50.
ATB Capital Markets raises target price to $230.00 from $225.00
National Bank of Canada raises target price on TMX Group to $141.00 from $139.00
ON BAYSTREET
The TSX Venture Exchange stumbled 22.75 points, or 2.8%, Monday to 791.68
ON WALLSTREET
U.S. stock futures were little changed on Tuesday morning after the major averages staged a big reversal to start the month.
Futures for the Dow Jones Industrials backpedaled 32 points, or 0.1%, to 32,948.
Futures for the S&P 500 fell 2.25 points, or 0.1%, to 4,148.75.
Futures for the NASDAQ Composite Index skidded 3.25 points to 13,069.75.
A number of consumer-oriented companies are still reporting earnings this week. Shares of Avis Budget jumped more than 6% during extended trading after the car company surpassed earnings expectations on the top and bottom lines.
Shares of Clorox were under pressure after the home products company cut its full year gross margin outlook, citing inflation. DuPont’s stock fell more than 2% after its quarterly report showed operating margin shrinking year over year.
Chegg’s stock price tumbled nearly 30% during extended trade after the textbook company issued weak guidance for the full year despite exceeding earnings expectations.
Elsewhere, shares of Restaurant Brands and Pfizer were little changed in premarket trading after beating expectations on the top and bottom lines Tuesday morning.
Airbnb, AMD, Lyft and Starbucks are expected to report earnings after the bell Tuesday.
Traders will also watch for the latest reading of the Job Openings and Labor Turnover (JOLTS) data that is expected at 10 a.m. ET
Markets in Japan were shuttered for holiday, while in Hong Kong, the Hang Seng index inched up 0.1%.
Oil prices faded 70 cents to $104.47 U.S. a barrel.
Gold prices edged up a dime to $1,863.70 U.S.
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