Futures tied to Canada's main stock index retreated on Tuesday following the benchmark index's record-setting rally, as precious metals and energy prices pulled back from recent gains.
The TSX gained 60.2 points Monday to 30,531.88.
December futures were down 0.2% Tuesday.
In corporate developments, the White House announced a strategic $35.6-million investment in Canadian miner Trilogy Metals, giving the U.S. government a 10% ownership stake with warrants to acquire an additional 7.5% interest. The company's U.S.-listed shares surged 178% in premarket trading.
Meanwhile, on the diplomatic front, Prime Minister Mark Carney is set to meet with U.S. President Donald Trump later in the day to discuss pressing economic and security matters as both nations review their North American trade agreement.
On the economic calendar, Statistics Canada reported in August, Canada's merchandise exports fell 3.0%, while imports were up 0.9%. As a result, Canada's merchandise trade deficit with the world widened from $3.8 billion in July to $6.3 billion in August.
The IVEY PMI report comes out later this morning (10 a.m. EDT) for September.
ON BAYSTREET
The TSX Venture Exchange hiked 25.94 points, or 2.7%, Monday to 989.98.
ON WALLSTREET
Stock futures traded along the flatline Tuesday after U.S. stocks kicked off the new trading week with fresh records.
Futures for the Dow Jones Industrials eked higher four points to 46,962.
Futures for the S&P 500 slid 2.75 points to 6,786.
Futures for the NASDAQ sagged 5.5 points, or 0.1%, to 25,179.25.
Stocks rose to new heights on Monday, fueled by enthusiasm about a potential acceleration in mergers and acquisitions activity and an upcoming Federal Reserve rate cut.
The S&P 500 closed at a fresh record for the 32nd time this year, up for seven straight days, while the tech-heavy NASDAQ Composite notched its 31st all-time high of 2025. The Dow ended the day lower, however.
Corporate earnings reports also are starting to trickle out with a look at PepsiCo and Delta Air Lines results on Thursday.
In Japan, the Nikkei 225 gained six points Tuesday, while markets in Hong Kong, were closed for the day.
Oil prices handed over 10 cents to $61.59 U.S. a barrel.
Gold prices were up $5.40 to $3,891.70 U.S. per ounce.
