Futures for Canada's main stock index were little changed on Tuesday, as uncertainty over the U.S.-China trade dispute kept investors on edge and drove inflows into safer assets.
The S&P/TSX Composite gained 61.21 to close Monday at 16,098.79
The Canadian dollar gained 0.15 cents to 75.61 cents U.S. early Tuesday
September futures faded 0.02% Tuesday.
Party sources say the Trudeau Liberals will promise to help cut cell phone and internet bills in an upcoming election campaign amid widespread complaints about the cost of wireless communications.
Bank of Nova Scotia beat analysts' estimates for quarterly profit, benefiting from lower provisioning for credit losses and strength in its international banking business.
Bank of Montreal reported a third-quarter profit below market expectations, hurt by higher loan loss provisions.
Cormark raised the price target on Cargojet to $120 from $105
CIBC raised the price target on Intact Financial to $138.00 from $134.00
Scotiabank cut the price target on Whitecap Resources to $7.25 from $7.75
ON BAYSTREET
The TSX Venture Exchange gained 1.29 points to 583.24
ON WALLSTREET
U.S. stock index futures indicated a slightly higher open Tuesday as investors monitor developments in trade relations between Washington and Beijing.
Futures for the Dow Jones Industrials acquired 92 points, or 0.4%, to 26,035.
Futures for the S&P 500 took on 10.75 points, or 0.4%, at 2,894
NASDAQ futures hiked 38.75 points, or 0.5%, to 7,630.50
Sentiment got a lift again on Tuesday after China announced measures aimed at boosting consumption, including potentially removing car-buying restrictions. Auto stocks rose broadly on the news.
Ford Motor increased in price 0.6%, and General Motors gained 0.4%. Fiat Chrysler and Ferrari rose more than 1% each on light volume trading.
Comments from two of the world’s two largest economies on Monday suggested a potential rapprochement following an escalation of trade tensions over the weekend.
Following the Group of Seven summit in Biarritz, France on Monday, President Donald Trump predicted a trade deal with China, citing economic pressure on Beijing, while China also called for a resolution to the ongoing dispute.
Overseas, in Japan, the Nikkei 225 jumped 1% Tuesday, while in the Hong Kong, the Hang Seng index docked 0.1%
Oil prices gained 62 cents to $54.26 U.S. a barrel.
Gold prices took on $2.10 to $1,539.30 U.S. an ounce.
