Stock futures pointed to a flat opening for Canada's main stock index on Tuesday as investors treaded cautiously ahead of this week's U.S. Federal Reserve meeting.
The S&P/TSX composite index stumbled 108.13 points to end Monday at 13,353.34
The Canadian dollar eked higher 0.13 cents at 75.53 cents U.S. early Tuesday
BMO raised the target price on Valeant Pharmaceuticals to $293.00 from $285.00
Transition Therapeutics Inc reports Q4 results today, projecting a loss of $1.22 per share
On the economic slate, the Canadian Real Estate Association was due out Tuesday morning with its August MLS sale statistics.
ON BAYSTREET
The TSX Venture Exchange skidded 3.1 points Monday to 544.10
ON WALLSTREET
U.S. stock futures are steady and most European indexes are moving up.
Ahead of the opening bell, futures for the Dow Jones Industrials shed nine points, or 0.1%, to 16,270, futures for the S&P 500 ducked back 0.5 points to 1,943.5, and futures for the NASDAQ docked three points, or 0.1%, to 4,296.75.
An interest rate decision from the U.S. Federal Reserve is still a couple of days away. But analysts can't stop talking about it.
The first rise in U.S. interest rates in nearly a decade would ripple through markets around the world. The Fed decision will be announced on Thursday.
The Census Bureau is releasing updated U.S. retail sales data for August at this morning. Retail sales increased 0.6% in July.
Overseas, Chinese stocks suffered another round of heavy losses on Tuesday, renewing concerns over government efforts to support markets.
The Shanghai Composite shed 3.5% on Tuesday, bringing losses for the week to 6%. Declines have been even steeper on the smaller Shenzhen Composite, which has lost more than 11% over the past two trading sessions.
The Nikkei 225 in Japan was one of the few indexes in Asia to edge higher Tuesday, gaining 0.3%.
Oil prices moved up 52 cents to $44.52 U.S. a barrel
Gold prices slid two dollars to $1,105.70 U.S. an ounce.
