Futures for Canada's main stock exchange were little changed on Tuesday, as investors awaited an announcement by U.S. President Donald Trump later in the day on whether the United States will re-impose sanctions on Iran.
The S&P/TSX Composite Index vaulted 79.23 points to end Monday at 15,808.63
The Canadian dollar faded 0.52 cents to 77.08 cents U.S. early Tuesday
June futures gained 0.1% Tuesday
Valeant Pharmaceuticals International Inc, reported a first-quarter loss compared with a year-ago profit on Tuesday and said it would change its name to Bausch Health Companies Inc.
WestJet Airlines Ltd reported a first-quarter profit that missed analysts' estimates on Tuesday as expenses rose due to higher fuel prices.
Royal Dutch Shell Plc's Shell Gas B.V. unit said on Monday it was selling its entire stake in Canadian Natural Resources Ltd for $3.3 billion.
CIBC cut the price target on Inter Pipeline to $31.00 from $32.00
National Bank of Canada raised the target on Morneau Shepell to $28.00 from $26.00
National also started coverage on Titan Mining with a$2.00 price target
On the economic beat, Canada Mortgage and Housing Corporation said housing starts were at an annual rate of 214,379 in April, down from March's 225,213.
ON BAYSTREET
The TSX Venture Exchange gained 2.32 points Monday to 774.56
ON WALLSTREET
U.S. stock index futures slipped ahead of Tuesday's open, as markets around the world turned their attention to the U.S. administration and the future of the country's involvement in the 2015 nuclear accord with Iran.
Futures for the Dow Jones Industrial Average faded 58 points, or 0.2%, to 24,243.
S&P 500 futures slid 7.25 points, or 0.3%, to 2,662.75, while futures for the NASDAQ composite index fell 22.25 points, or 0.3%, to 6,803.75
Electronic Arts Inc. is among a slew of firms declaring earnings today.
The moves in pre-market trade come as global markets remain on edge, awaiting an announcement by President Donald Trump on the future of an international nuclear agreement.
In the past, Trump has often threatened to withdraw the U.S. from the Iran deal — which lifted sanctions on the Middle Eastern nation, in return for the country to pull back on its nuclear ambitions — unless allies in Europe amend what he sees as shortcomings of the agreement.
In Japan, the Nikkei 225 gained 0.2%, while in Hong Kong, the Hang Seng index gained 1.2%. In Europe, stocks were under slight pressure during trading.
Oil prices dipped 72 cents to $70.01 U.S. per barrel.
Gold prices retreated $3.70 to $1,310.40 U.S. an ounce.
