Futures for Canada's main stock index were flat on Tuesday, as investors maintained a cautious stance after a steep selloff in commodities on fears of a resurgence in global COVID-19 cases.
Monday, the TSX Composite index closed down 38 points to 20,437.42
The Canadian dollar edged higher 0.06 cents to 79.58 cents U.S.
September futures were largely unchanged Tuesday.
National Bank of Canada ups the price target on Hardwoods Distribution to $60.50 from $57.00
Credit Suisse cut the rating on Manulife Financial to neutral from outperform
Scotiabank raised the target price on Power Corporation of Canada: to $48 from $47
ON BAYSTREET
The TSX Venture Exchange slipped 7.66 points Monday to 917.99
ON WALLSTREET
U.S. stock futures were little changed early Tuesday after the Dow Jones Industrial Average and S&P 500 fell from record highs in regular trading on Monday amid concerns about a resurgence in COVID-19 cases.
Futures for the Dow dumped 17 points, or 0.1%, to 34,981.
Futures for the S&P 500 slipped 0.25 points to 4,425.50.
Futures for the NASDAQ Composite Index gained 15 points, or 0.1%, to 15,139.
AMC’s stock jumped 6.7% after releasing its earnings report Monday after hours, reporting a lower loss than expected. The company also announced it would begin accepting bitcoin at all U.S. locations this year.
Shares of The RealReal fell 5% in extended trading after reporting a quarterly loss, bringing Poshmark and ThredUp, which are set to report earnings Tuesday, down with it.
Earnings season continues Tuesday, with Coinbase set to report. Its stock, which trades closely with the price of bitcoin, rose 8% Tuesday. SoftBank and Sysco are also set to report.
The Senate could pass a $1-trillion bipartisan infrastructure bill as soon as Tuesday. The plan, which includes $550 billion in new spending on transportation and broadband, could help give the economy boost as peak growth slows following the reopening from the pandemic.
Overseas, in Japan, the Nikkei 225 index returned from a long weekend to gain 0.2%, while in Hong Kong, the Hang Seng index jumped 1.2%.
Oil prices added $1.32 to $67.80 U.S. a barrel.
Gold prices moved higher $4.30 to $1,730.80 U.S. a pound.
