Stock futures pointed to a slightly lower opening for Canada's main stock index on Tuesday, in tandem with global equity markets, on lingering concerns over a trade war.
The S&P/TSX Composite Index dumped 153.84 points, or 1%, to end Monday at 15,213.45
The Canadian dollar advanced 0.37 cents to 77.79 cents U.S. early Tuesday
June futures hesitated 0.2% Tuesday.
RBC raised the target price on Husky Energy to $20.00 from $19.00
Mexico's economy minister said on Monday that his country, the United States, and Canada have made significant advances on reworking the North American Free Trade Agreement and ministers will meet in the coming days to determine the scope to agree on the basics of a deal
ON BAYSTREET
The TSX Venture Exchange sagged 13.04 points, or 1.6%, Monday to 783.63
ON WALLSTREET
U.S. stocks were set to open higher on Tuesday as investors tired to rebound from steep declines seen in the previous session.
Futures for the Dow Jones Industrial Average surged 121 points, or 0.5%, to 23,673
S&P 500 futures took on 16 points, or 0.6%, to 2,591, while futures on the NASDAQ Composite gained 54.75 points, or 0.9%, to 6,448
Dave & Buster's Entertainment Inc. is among a small list of companies declaring earnings Tuesday.
Facebook and Google-parent Alphabet both rose 0.5% in the pre-market after suffering strong losses. Netflix also gained 0.2% while Amazon fell 0.5% adding to the losses seen on Monday.
The moves before the bell come after Wall Street tumbled on the first trading day of April and the second quarter. On Monday, the Dow sank more than 450 points, with the 30-stock index hitting a new low for the year.
The S&P 500 and NASDAQ entered correction territory during the session. Reasons why markets were under severe pressure Monday revolved around the possibility of a trade war, and fears surrounding the tech industry.
Over the weekend President Donald Trump tweeted that e-commerce giant Amazon was scamming the U.S. Postal Service, and that the service was losing "billions of dollars" because it delivered packages for the group.
On Monday, shares of Amazon sank more than 5%, while other technology stocks such as Facebook, Alphabet and Netflix, also posted sharp declines. In March, shares of Facebook came under severe pressure following concerns on how the social media giant handles the data of people who use the platform.
Meantime, concerns surrounding global trade continue to rumble on. China recently announced that it would be implementing new tariffs on 128 U.S. products, including fruit and meat, in response to the U.S.' own set of levies on steel and aluminum.
Meanwhile, European markets came under pressure approaching noon on the continent, while in Japan, the Nikkei 225 dipped 0.5%, and in Hong Kong, the Hang Seng Index gained 0.3%.
Oil prices added 22 cents to $63.23 U.S. per barrel.
Gold prices fell $3.20 to $1,343.70 U.S. an ounce.
