Canadian stock futures fell on Tuesday, dragged lower by weaker crude prices and concerns around rising global cases of the novel coronavirus, with investors now awaiting domestic wholesale trade data for September.
The TSX gained 214.17 points, or 1.3%, Monday to 16,889.81.
The Canadian dollar let go of 0.11 cents Tuesday at 76.36 cents U.S.
December futures subsided 0.5% Tuesday.
ATB Capital Markets raised the rating on Aurora Cannabis to sector perform from underperform.
Laurentian Bank Securities raised the price target on Champion Iron Ltd. to $5.35 from $5.00
Scotiabank raised the target price on Exchange Income Corp. to $38.00 from $32.00
In the economic docket, Statistics Canada said investors in this country acquired $11.2 billion of foreign securities in September, the highest investment in four months.
Meanwhile, non-resident investors purchased $4.5 billion of Canadian securities, led by acquisitions of corporate instruments.
Wholesale sales grew 0.9% to $66.2 billion in September and remained higher than February's pre-COVID-19 level for the third straight month.
Canada Mortgage and Housing Corporation said the national trend in housing starts improved to 222,734 units in October, up from 214,372 units in September 2020.
ON BAYSTREET
The TSX Venture Exchange added 6.27 points Monday to 742.64.
ON WALLSTREET
Dow and S&P 500 futures declined on Tuesday morning after the two major market benchmarks closed at record levels.
Futures for the Dow Jones Industrials shed 201 points, or 0.7%, to 29,664.
Futures for the S&P 500 slumped 21.25 points, or 0.6%, at 3,601.75.
Futures for the NASDAQ Composite 32.35 points, or 0.3%, to 12,037.25.
Shares of pharmacy owner CVS Health and Dow member Walgreens Boots Alliance dropped in pre-market trading after Amazon launched a pharmacy business, which allows free delivery of medications for Prime members.
Walgreens shares dropped 10% and CVS lost 6%. Amazon shares popped 2.6% in pre-market trading.
Tesla shares jumped more than 13% in pre-market trading after S&P Dow Jones Indices said the electric car maker would join the S&P 500 index, effective Dec. 21. It was a long anticipated move for the surging stock. Before Monday, the shares had already more than quadrupled this year.
Home Depot fell after its earnings report Monday morning even after saying sales surged 24% last quarter.
Walmart shares gained 2% in pre-market trading after earnings topped expectations on soaring e-commerce sales.
Pfizer and BioNTech said Nov. 9 that their Covid-19 vaccine candidate was more than 90% effective among participants in a late-stage trial.
Overseas, in Japan, the Nikkei 225 index gained 0.4% Tuesday, while in Hong Kong, the Hang Seng index eked up 0.1%.
Oil prices dropped 44 cents to $40.90 U.S. a barrel.
Gold prices inched forward 40 cents to $1,888.30 U.S.
