Canadian stocks looked set to open modestly higher on Tuesday, with September futures up 0.1%.
The S&P/TSX composite index dipped 9.82 points to close out Monday at 15,445.22.
The Canadian dollar stuttered 22 cents to 92.38 cents U.S. early Tuesday
Talisman Energy Inc, which has been approached by Spain's Repsol SA for talks over a potential deal, reported a 4% rise in second-quarter revenue, helped by an increase in North American drilling.
WestJet Airlines Ltd posted a bigger-than-expected quarterly profit as higher ticket prices and fees helped it offset steeper fuel costs and a weaker Canadian dollar.
Fortis Inc is pushing ahead with a $400-million expansion of its Tilbury liquefied natural gas plant in British Columbia, as the gas distributor looks to meet growing domestic demand for the super-chilled fuel.
Barclays raises target price on Canadian Utilities to $44 from $41
ON BAYSTREET
The TSX Venture Exchange moved higher 2.31 points Monday to 1,019.75.
ON WALLSTREET
Quarterly earnings continue to come in thick and fast on Wall Street, but investors held back from making any serious moves ahead of the U.S. Federal Reserve policy meeting that begins Tuesday.
Ahead of the opening bell, futures for the Dow Jones Industrials took on 51 points, or 0.3%, to 16,967. Futures for the S&P 500 gained 3.75 points, or 0.2%, to 1,976.75, and futures for the NASDAQ advanced 9.50 points, or 0.2%, to 3,969.50.
Major companies including UPS were slated to report earnings before the opening bell.
Reynolds American reported a year-to-year increase in quarterly net income and the tobacco company raised the floor on the range of its earnings guidance going forward.
Pfizer reported declines in income and revenue because of generic competition to Celebrex and legal expenses related to Neurontin.
Twitter, American Express and Sturm Ruger will report after the close.
Shares in Herbalife are declining by more than 10% pre-market after the company posted earnings that missed analysts' forecasts.
Economically speaking, S&P/Case-Shiller's home price index for May will be released at 9 a.m. ET. This index gives deep insight into the health of America's vast housing market.
The U.S. Conference Board will release its monthly consumer confidence index at 10 a.m. ET.
Two major European banks -- UBS and Deutsche Bank -- reported significant year-to-year declines in quarterly net profit and flagged new litigation risks.
Shares in BP were down 1% after the oil giant reported its latest set of results. BP, which owns a big stake in Russian oil giant Rosneft, has warned that it could suffer if Western nations slap more sanctions on Russia over the crisis in Ukraine.
European officials continue to work Tuesday on details of new sanctions that could restrict Russia's access to European financial markets, arms and energy technology. Western nations have upped their pressure on Russia since flight MH17 was brought down in the region.
Japan introduced its own sanctions on Russia, largely reflecting previous measures adopted by the European Union.
Russia's main Micex index was dipping into the red, alongside most of Europe's major stock markets.
Oil prices retreated 61 cents to $101.04 U.S. a barrel
Gold prices gained $3.40 to $1,306.70 U.S. an ounce.
