Futures for Canada's main stock index edged down on Tuesday as energy shares fell on the back of decline in oil prices.
The S&P/TSX Composite Index prospered 98.42 points to conclude Monday at 15,217.70
The Canadian dollar ducked 0.07 cents at 76.20 U.S. early Tuesday
December futures dipped 0.1% Tuesday.
Thomson Reuters on Tuesday reported a smaller-than-expected fall in third-quarter earnings and said it was on track for a solid 2018 and a better performance in 2019.
Randgold Resources said on Tuesday its third-quarter profit rose 25% over the previous quarter, helped by lower costs, a day before its shareholders vote on a $6.1 billion tie-up with Barrick Gold.
Nutrien reported a better-than-expected quarterly profit and raised its full-year adjusted profit forecast, driven by strong demand for its potash fertilizers.
Raymond James raised the rating on Baytex Energy to outperform from market perform
TD Securities raised the rating on Dorel Industries to hold from reduce
CIBC raised the rating Interfor to outperform from neutral
CIBC cut the rating on Sleep Country Canada Holdings to neutral from outperform
CIBC raised the rating on West Fraser Timber outperform from neutral
In the economic docket, Statistics Canada reported that municipalities nationwide issued $8.1 billion worth of building permits in September, up 0.4% from August. The national increase was driven by higher construction intentions in Quebec.
ON BAYSTREET
The TSX Venture Exchange gained 8.01 points, or 1.2%, Monday to 659.36
ON WALLSTREET
U.S. stock futures fell on Tuesday as voters head to the polls for a midterm election which could send ripples throughout capital markets.
Futures for the Dow Jones Industrials slumped 53 points, or 0.2%, to 25,388
S&P futures demurred 6.25 points, or 0.2%, to 2,733.25, while the NASDAQ Composite deleted 21.25 points, or 0.3%, to 6,928.25.
Democrats are forecast to take the House while the GOP is expected to maintain its slim majority in the Senate. This outcome would likely be seen as positive for U.S. equity markets as, historically, stocks have made solid gains in the event of a government gridlock.
If Republicans maintains a majority in both chambers, it could lift stocks in the short term as it increases the likelihood of further tax cuts.
Meanwhile, a so-called Democratic sweep could pressure stocks as it could result in a reversal of some of the policies passed by Trump administration to boost the economy in the near-term.
The Democrats maintained a seven-point advantage ahead of the vote, according to a poll released Sunday. Data released on Monday showed that more than 35 million people have already cast their vote in early voting, indicating a record turnout for the 2018 midterms. In 2014, fewer than 20 million early votes were counted the day prior to the midterms.
In data, the U.S. Labor Department will publish the latest job openings and labor turnover survey at 10 a.m. ET.
Overseas, in Japan, the Nikkei 225 gained 1.1% Tuesday, while in Hong Kong, the Hang Seng index moved up 0.7%.
Oil prices slumped 27 cents to $62.83 U.S. a barrel.
Gold prices bounced higher $4.40 to $1,236.70 U.S. an ounce.
