Futures for Canada's main stock index rose on Tuesday, but gains were capped by concerns over another escalation in the U.S.-China tariff dispute.
The S&P/TSX Composite Index fell 159.47 points, or 1.1%, to conclude Monday at 14,728.
The Canadian dollar gained 0.06 cents to 76.22 U.S. early Tuesday
December futures gained 0.4% Tuesday
WestJet Airlines reported a quarterly profit on Tuesday that topped analysts' estimates as higher ticket prices helped offset an increase in fuel costs.
The United States urged European Union governments on Monday to reflect on whether it was really in their interest to go ahead with a trade dispute over U.S. metals tariffs, and said it was hopeful of settling the issue with Mexico and Canada.
Reports are circulating that Johnson Controls International is nearing a deal to sell its power solutions business, which makes car batteries, to Brookfield Asset Management Inc for between $13 billion and $14 billion.
Canaccord Genuity started coverage on Altius Minerals with a buy rating
National Bank of Canada raised the price target on Capital Power to $34.00 from $33.00
National Bank of Canada cut the price target on Home Capital Group to $15.50 from $16.50
ON BAYSTREET
The TSX Venture Exchange jettisoned 13.83 points, or 2.2%, Monday to 629.75
ON WALLSTREET
U.S. stock index futures bounced on Tuesday, as the Dow Jones Industrial Average attempted to pare some of its big losses for October, its worst month in more than eight years. The S&P 500 closed in correction territory on Monday.
Futures for the 30-stock index flourished 104 points, or 0.4%, to 24,535
S&P 500 futures gained 13.75 points, or 0.5%, to 2,657.25, while futures for the NASDAQ composite soared 34.5 points, or 0.5%, to 6,770.75.
The Dow is down 7.6% this month, its worst performance since May 2010. The S&P 500 is off by 9.4% this month, its worst such period since February 2009. On Monday, the S&P 500 closed in correction territory, down 10.2% from its record.
A series of events added to the somewhat bullish sentiment in the morning.
President Donald Trump told Fox News Channel that he thinks the U.S. will make a "great" trade deal with China. This follows a Bloomberg News report on Monday that suggested the U.S. could be preparing to announce tariffs on all remaining Chinese imports by early December if talks between Trump and China President Xi Jinping breakdown next month.
Coca-Cola reported third-quarter earnings that topped Wall Street estimates, pushing shares up 0.6%.
General Electric shares rose 1.4% after the company slashed its quarterly dividend to just a penny a share, a bold move investors took to mean new CEO Larry Culp would take dramatic action to turn around the fallen blue chip.
In macroeconomic news, U.S. consumer confidence for October is scheduled to be published at around 10 am ET. Third-quarter housing vacancies and Dallas Fed services data for October are due to be released later in the trading day on Tuesday.
Amgen, Baidu, eBay and Facebook are all set to publish their results after the closing bell.
Overseas, in Japan, the Nikkei 225 recovered 1.5% Tuesday, while in Hong Kong, the Hang Seng index slid 0.9%.
Oil prices lost 62 cents to $66.42 U.S. a barrel.
Gold prices faded $3.40 to $1,224.20 U.S. an ounce.
