Futures Unchanged Tuesday

Altus, Nuvei in Focus

Futures for Canada's main stock index were flat on Tuesday, tracking global equities, as investors remained on the sidelines ahead of the U.S. inflation reading.

The TSX Composite remained above water 33.35 points, to finish Monday at 20,666.41

The Canadian dollar advanced 0.19 cents Tuesday to 79.24 cents U.S.

September futures slid 0.02% Tuesday.

CIBC raised the target price on Altus Group to $63.00 from $58.00

RBC raises target price on Nuvei Corp to $145 from $110

Citigroup raised the target price on Precision Drilling to $48.00 from $45.00

On the economic chart, Statistics Canada said manufacturing sales declined 1.5% in July in this country. The agency went on to say decreases in the wood product and in the aerospace product and parts industries were primarily responsible for the overall drop.


The TSX Venture Exchange slid 0.88 points Monday to 902.47.


U.S. stock futures jumped Tuesday after a key inflation reading showed consumer prices rising less than expected.

Futures for the Dow Jones Industrials vaulted 124 points, or 0.4%, to 34,881.

Futures for the S&P 500 jumped 16.5 points, or 0.4%, to 4,476.

Futures for the NASDAQ Composite Index hiked 57.5 points, or 0.4%, to 15,487.50.

Apple shares were slightly higher in pre-market trading ahead of an event Tuesday where it’s expected to announce new versions of the iPhone, AirPods and Apple Watch.

The August consumer price index, while still showing a significant jump in inflation, came in less than feared. August CPI jumped 0.3% month-to-month, or 5.3% from a year earlier, below the 0.4% increase and 5.4% annual gain expected respectively by economists polled by Dow Jones.

The National Federation of Independent Business will also release its latest survey on Tuesday, which will provide investors with a pulse on how small businesses are faring.

In Washington, House Democrats proposed new tax hikes to pay for the $3.5-trillion spending package. A summary from the Ways and Means Committee showed that the plan calls for top corporate and individual tax rates of 26.5% and 39.6%, respectively.

Overseas, in Japan, the Nikkei 225 index gained 0.7% Tuesday, while in Hong Kong, the Hang Seng index slid 1.2%.

Oil prices gained 56 cents to $71.01 U.S. a barrel.

Gold prices docked $1.90 cents to $1,792.50 U.S. a pound.