Stock futures pointed to a flat opening for markets in Toronto on Tuesday as investors await economic data to assess the health of the economy.
The S&P/TSX Composite Index gathered 4.98 points to conclude Monday at 15,421.91. June futures docked 0.02% early Tuesday.
The Canadian dollar was virtually unchanged at 74.24 cents U.S. early Tuesday.
Bank of Nova Scotia beat expectations for second-quarter results, helped by a strong performance in its international and investment banking business.
Canadian National Railway on Monday said it had reached a tentative agreement with a union representing 3,000 conductors, ahead of a looming strike deadline at Canada's largest railroad.
JP Morgan raised the rating on Teck Resources to overweight from neutral
RBC raised the target price on Boyd Group Income Fund to $105.00 from $94.00
CIBC cut the rating on Dragonwave Inc. to underperform from outperform.
On the economic docket, Statistics Canada reported that its industrial product price index rose 0.6% in April, mainly due to higher prices for energy and petroleum products. StatsCan also said its raw materials price index hiked 1.6% in April, mainly as a result of higher prices for crude energy products.
Elsewhere, the agency reported that Canada's current account deficit (on a seasonally adjusted basis) widened by $2.3 billion in the first quarter to $14.1 billion. In the financial account, large foreign investment in Canadian corporate securities led the net inflow of funds into the economy.
ON BAYSTREET
The TSX Venture Exchange added 1.15 points Monday to 809.74
ON WALLSTREET
U.S. stock index futures pointed to a lower open on Tuesday as traders focused on a slew of economic data after a long holiday weekend.
Ahead of the opening bell, futures for the Dow Jones Industrials faded 31 points, or 0.2%, to 21,035. Futures for the S&P 500 gave back 4.75 points, or 0.2%, to 2,409. NASDAQ futures slid eight points, or 0.1%, to 5,784.25
On the earnings front, EnerSys is due to report after the market close.
On the data front, Tuesday will see personal income and consumer spending data for April due to be released early this morning, while S&P Case-Shiller Home Price Indices, consumer confidence and Dallas Fed manufacturing data for May are all scheduled to be reported mid-morning.
European markets trudged lower by noon European time, while the Nikkei 225 index drifted lower less than 0.1% Tuesday. Markets in Hong Kong and mainland China were closed for holiday
Oil prices slipped 40 cents to $49.40 U.S. per barrel.
Gold prices moved lower $6.30 to $1,265.10 U.S. an ounce.
