Futures on Canada’s main stock market appeared to be on the fence Tuesday, as investors digested trade figures.
The TSX Composite Index gained 75.74 points to finish Monday at 16,669.81
The Canadian dollar picked up 0.12 cents to 76.15 cents U.S. early Tuesday
December futures were unchanged early Tuesday.
BlackBerry announced its president and chief operating officer Bryan Palma's exit on Monday, saying he "has decided to leave the company to pursue other opportunities."
Canadian Imperial Bank of Commerce is in negotiations to sell its Caribbean business to a Colombian billionaire, hoping to close the books on a difficult sale process that has taken two years.
On the macroeconomic side, Statistics Canada reported Canada's imports fell 1.7% in September, while exports declined 1.3%. As a result, Canada's merchandise trade deficit with the world narrowed from $1.2 billion in August to $978 million in September.
ON BAYSTREET
The TSX Venture Exchange inched ahead 0.21 points Monday 541.70
ON WALLSTREET
Stocks were set to open higher on Tuesday, following a record close in the previous session, as investors grew more bullish on a potential U.S.-China trade deal as both sides consider more rollbacks in tariffs.
Futures for the Dow Jones Industrials gained 79 points, or 0.3%, early Tuesday to 27,459.
Futures for the S&P 500 picked up 6.25 points, or 0.2%, at 3,082, following Monday’s record close.
The NASDAQ Composite heightened 19.75 points, or 0.2%, to 8,235, after the index also enjoyed a record close on Friday.
Major averages are on track for a third straight positive session. The Dow’s year-to-date gain now stands at around 18%, while the S&P 500 is up more than 22% and the NASDAQ more than 27% so far this year.
On the earnings front, Allergan and Becton Dickinson are set to report before the bell on Tuesday.
Traders will also have eyes on a raft of economic data Tuesday morning. September balance of trade, import and export figures are due for release at 9:30 a.m. ET before November Redbook data at 9:55 a.m. ET.
Composite and services PMI (purchasing managers’ index) numbers for October are expected at 10:45 a.m. ET, followed by non-manufacturing PMI and a host of other non-manufacturing figures at 11: a.m. ET.
China is pushing President Donald Trump to remove more tariffs on about $125 billion worth of Chinese goods imposed in September as part of the "phase one" trade deal, according to overnight media reports. A U.S. official told reporters the fate of the Dec. 15 tariffs is being considered as part of negotiations.
Overseas, in Japan, the Nikkei 225 returned from holiday to gain 1.8%, while in Hong Kong, the Hang Seng Index added 0.5%,
Oil prices added 42 cents to $56.96 U.S. a barrel.
Gold prices floundered $11.80 to $1,499.30 U.S. an ounce.
