Futures for Canada's main stock index slipped on Tuesday, pressured by weakness in gold and oil prices, as investors looked ahead to domestic trade data due later in the day.
The TSX eked up 6.11 points to end Monday at 20,035.30, only a matter of points above the record levels at which it ended last week.
The Canadian dollar inched up 0.06 cents to 82.79 cents U.S.
June futures were lower by 0.1% Tuesday.
JP Morgan raises the rating on Cenovus Energy to "overweight" from "neutral"
CIBC raises target price on Lightspeed POS to $140.00 from $135.00
JP Morgan raised the target price on Suncor Energy to $35.00 from $33.00
Prime Minister Justin Trudeau is preparing to ease border restrictions for travelers who have been fully vaccinated against COVID-19.
ON BAYSTREET
The TSX Venture Exchange gained 8.15 points Friday to 978.01, for a weekly gain of 11.7 points, or 1.2%.
ON WALLSTREET
S&P 500 futures were flat on Tuesday as the benchmark makes another attempt at a record.
Futures for the Dow Jones Industrials sifted off 19 points or 0.1%, to 34,597.
Futures for the S&P 500 took on 6.75 points, or 0.2%, to 4,232.25.
Futures for the NASDAQ Composite gained 69 points, or 0.5%, to 13,873.25.
The tech-heavy index edged 0.5% higher on Monday, boosted by shares of Biogen. The biopharmaceutical stock surged 38% after the FDA approved its groundbreaking Alzheimer’s drug.
Meme stocks continued their rally Monday. Shares of AMC Entertainment jumped 14.8%, and BlackBerry and GameStop shares also popped double-digits. The U.S. Securities and Exchange Commission said Monday it’s watching ongoing volatility in the market and vowed to protect retail investors.
AMC was up slightly in pre-market trading Tuesday.
Multiple global websites were experiencing an outage early Tuesday, but the size of the issue and how widespread it is was unclear. Futures, especially those for the tech-heavy NASDAQ, appeared to take a leg down when news of the outage spread, but then quickly recovered most of those losses. It was unclear at this point if the move was related.
Tesla, which is down 10% in the last month, rebounded by 3% in premarket trading to pace NASDAQ stocks. The electric car maker delivered 33,463 China-made vehicles in that market in May, a 29% jump from April. Delta Air Lines gained 1.5% after an upgrade from Jefferies on optimism about international and business travel.
Overseas, in Japan, the Nikkei 225 fell 0.2% Tuesday, while in Hong Kong, the Hang Seng index parted with 5.9 points.
Oil prices stepped back 62 cents to $68.61 U.S. a barrel.
Gold prices advanced $3.30 to $1,902.10 U.S.
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