Futures for Canada's main stock index edged lower on Tuesday as investors remained anxious over the U.S. Federal Reserve's monetary policy path, but took heart from a rise in gold and oil prices.
The TSX had lost 41.16 points by Monday’s closing bell to 19,934.21, a one-week low.
Futures dipped 0.2% Tuesday.
The Canadian dollar dipped 0.02 cents to 75.68 cents U.S.
On the companies front, Canaccord Genuity Group has cut bonuses following a decline in dealmaking activity and is looking at avenues to boost employee stock ownership, Bloomberg reported.
ON BAYSTREET
The TSX Venture Exchange finished lower 1.52 points Monday to 612.30.
ON WALLSTREET
Stock futures fell Tuesday as Wall Street struggled to carry over the positive momentum from last week.
Futures for the Dow Jones Industrials sagged 107 points, or 0.3%, to 34,497.
Futures for the S&P 500 sank 14.5 points, or 0.3%, to 4,439.25.
Futures for the NASDAQ Composite lost 52.25 points, or 0.3%, to 15,215.75.
Markets were closed Monday due to the Juneteenth holiday.
Investors were seemingly receptive toward the central bank’s decision to skip a June rate hike last week. Federal Reserve Chairman Jerome Powell told a press conference on Wednesday that the central bank has yet to make a decision on policy ahead of the July meeting. However, policymakers are forecasting two more quarter-point rate increases later this year. The decision to skip a hike in June broke the Fed’s streak of 10 consecutive interest rate increases.
In earnings, investors will look toward a quarterly report from shipping giant FedEx on Tuesday after the closing bell.
In Japan, the Nikkei 225 gained 0.1% Tuesday, while in Hong Kong, the Hang Seng index staggered 1.5%.
Oil prices took on 31 cents to $72.09 U.S. a barrel.
Gold prices slipped $6.60 to $1,964.70. U.S. an ounce.
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