Futures for Canada's main stock index edged higher on Tuesday, helped by a rise in oil prices.
The S&P/TSX Composite Index lost 30.12 points to close Monday 16,038.13
The Canadian dollar dipped 0.18 cents to 74.93 cents U.S. early Tuesday
Futures gained 0.3% Tuesday.
Barrick Gold CEO Mark Bristow said on Monday he wants to speak immediately with Newmont Mining Corp about a proposed Nevada joint venture, even as his company moves to take a $18-billion takeover offer directly to Newmont shareholders.
The world's biggest coking coal producer BHP has bought a $6 million equity stake in a Canada-based company, Carbon Engineering, that sucks carbon dioxide from the atmosphere, as miners’ quest to become sustainable and retain ethical investors gathers pace.
CIBC raised the price target on Chartwell Retirement Residences to $16.00 from $15.75
Raymond James raised the rating on Crew Energy to outperform from market perform
National Bank of Canada raised the price target on Gibson Energy to $25.00 from $24.00
ON BAYSTREET
The TSX Venture Exchange lost 2.66 points Monday to 622.50
ON WALLSTREET
U.S. stock index futures indicated a flat open Tuesday as investors weighed ongoing trade negotiations with China along with strong earnings from Target.
Futures for the Dow Jones Industrial Average dipped 14 points, or 0.1%, at 25,800
Futures for the S&P 500 were unchanged at 2,791.50
NASDAQ futures faded 5.25 points, or 0.1%, to 7,140.50
Investors also cheered stronger-than-expected quarterly results out of retailer Target, sending its shares up around 6%. The company posted earnings per share of $1.53 and revenue of $22.977 billion. Both numbers topped analyst estimates.
On the economic front, there will be services Purchasing Managers Index figures at 9.45 a.m. ET; new home sales at 10 a.m. ET and federal budget figures released at 2 p.m. ET.
More broadly, market players are focused on U.S.-China trade developments with mixed messages on the progress of talks between Washington and Beijing over the last days. Sources told media outlets on Monday that U.S.-China trade negotiations are in the "final stages" and that a summit in Mar-a-Lago later this month could close the deal.
Secretary of State Mike Pompeo also said Monday he thought the two countries were "on the cusp" of reaching a deal that would end the trade skirmish.
Overseas, in Japan, the Nikkei 225 lost 0.4% Tuesday, while in Hong Kong, the Hang Seng Index eked up two points.
Oil prices took on 13 cents to $56.72 U.S. a barrel.
Gold prices slipped 90 cents to $1,286.60 U.S. an ounce.
