Stock futures pointed to a lower opening for Canada's main stock index on Tuesday as weakness in China's markets continued to weigh on investors' sentiment.
The S&P/TSX composite index finished negative 82.8 points to wrap up Monday at 12,927.15
March futures sank 0.5% Tuesday morning.
The Canadian dollar dipped 0.09 cents to 71.77 cents U.S. early Tuesday.
Manulife Financial is looking to revive a plan to list a real estate investment trust in Singapore this year after an initial public offering was shelved last year due to poor market conditions.
Enbridge shut down a crude oil pipeline for approximately three hours on Monday morning, a company spokesman said, after protesters opposed to oil sands development partially restricted flow on the pipeline on Sunday night by tampering with a valve station.
BMO cut the target price on WestJet Airlines to $29.00 from $32.00 saying that the valuation is likely to remain pressured by elevated supply growth and uncertain demand outlook.
RBC cut the target price on WSP Global to $47.00 from $50.00, with a sector perform, expecting moderate organic sales and margin growth for 2016
On the economic front, Statistics Canada reported this morning that its industrial product price index declined 0.2% in November, mainly as a result of lower prices for primary non-ferrous metal products.
The agency’s raw materials price index fell 4% in the same month, led by lower prices for crude energy products.
ON BAYSTREET
The TSX Venture Exchange nicked 0.01 points Monday to 525.65
ON WALLSTREET
U.S. stock futures are slipping after Monday's sharp falls.
Ahead of the opening bell, futures for the Dow Jones Industrials demurred 30 points, or 0.2%, to 17,055, futures for the S&P 500 faded 2.75 points, or 0.1%, to 2,006.25. NASDAQ futures slid 5.25 points, or 0.1%, to 4,499.25.
Volkswagen shares fell by more than 4% in early trading after it was sued by the U.S. government over rigging emissions tests on diesel cars. This suit alone could lead to fines of around $18 billion U.S.
Shares of American design label Coach were 2.5% higher in aftermarket trade Monday following an upgrade, and Juniper Networks was also up more than 2%. Southwestern Energy, on the other hand, was down more than 2%.
U.S. auto sales for December are due out this morning, likewise, the Institute of Supply Management is due to post its economic activity index for January at 10 a.m. ET.
European markets are mostly lower, while Asian stocks ended down despite China markets steadying after another early slump.
China shares closed moderately lower, recovering during the day after opening the session down 3%. China's central bank pumped $20 billion U.S. into the financial system.
Oil prices lost 15 cents to $36.61 U.S. a barrel
Gold prices spiked $15.53 to $1,080.14 U.S. an ounce.
