Stock futures were set to open slightly higher for Canada's main stock index on Tuesday after a historic U.S.-North Korea summit and ahead of the U.S. Federal Reserve's policy meeting.
The S&P/TSX Composite Index gained 60.6 points to conclude Monday at 16,263.29
The Canadian dollar faded 0.15 cents to 76.85 cents U.S. early Tuesday
June futures zoomed 0.4% Tuesday
Enbridge Inc. said on Monday it was taking steps to address complaints from oil shipper BP PLC about abrupt changes it made in allocating space on its Mainline system.
BMO starts coverage on Aritzia Inc. with outperform rating; price target $19.00
IA Securities raised the target price on Mullen Group to $18.25 from $18.00
IA Securities raised the rating on Wesdome Gold Mines to strong buy from buy
U.S. President Donald Trump said on Tuesday he had a good relationship with Justin Trudeau just days after blasting the Canadian prime minister and other U.S. allies over trade.
ON BAYSTREET
The TSX Venture dropped 6.2 points Monday to 769.02
ON WALLSTREET
U.S. stock index futures held steady ahead of Tuesday's open after President Donald Trump and North Korea leader Kim Jong Un signed a historic agreement aimed at establishing a "peace regime" on the Korean peninsula and better relations between the two states.
Futures for the Dow Jones Industrials fell 18 points, or 0.1%, to 25,330
S&P 500 futures gave back 0.5 points to 2,786.25, while futures for the NASDAQ composite index shed 4.25 points, or 0.1%, to 7,191.75
H&R Block is among a list of companies declaring earnings Tuesday.
At the end of their meeting, the first ever between sitting leaders of the two nations, Trump and Kim signed a document enumerating goals for the two states.
Asked for specifics on what the agreement meant for North Korea's nuclear program, Trump said. "We're starting that process very quickly — very, very quickly."
The president added that sanctions will remain on Pyongyang remain in place until "the menace of nuclear weapons" is gone.
Investors are also looking ahead to a meeting of the U.S. Federal Reserve, due to take place on Tuesday and Wednesday.
Fed Chair Jerome Powell and his colleagues are expected to announce a quarter-point increase in interest rates as the central bank seeks to normalize monetary policy with the economy showing signs of health.
In Japan, the Nikkei 225 gained 0.3% Tuesday, while in Hong Kong, the Hang Seng Index nicked higher 0.1%
Oil prices fell 10 cents to $66.00 U.S. per barrel.
Gold prices retreated $3.50 to $1,299.70 U.S. an ounce.
