Futures for Canada’s main stock index rose on Tuesday as investors assessed mixed quarterly earnings by the nation’s major banks.
The TSX Composite Index ground its way into the green by Monday’s close, picking up 4.23 points to 25,151.26
Futures were up 0.2% Tuesday.
The Canadian dollar nicked up 0.08 cents to 70.12 cents U.S. early Tuesday.
Bank of Montreal’s first-quarter profit rose on strong capital markets business, while Bank of Nova Scotia’s quarterly profit fell due to an impairment loss from its deal to transfer Latin American operations to Colombian bank Davivienda.
U.S. President Donald Trump stated on Monday tariffs on Canadian and Mexican imports remain “on time and on schedule”. The statement was made despite both countries’ efforts to enhance border security and curb fentanyl flow into the U.S. before the March 4 deadline.
ON BAYSTREET
The TSX Venture Exchange faded 7.86 points, or 1.2% Monday, to 626.83.
ON WALLSTREET
Stock futures were little changed Tuesday after the S&P 500 posted a three-day losing streak, with traders weighing concerns around global trade.
Futures for the Dow Jones Industrials progressed 41 points, or 0.1%, to 43,576
Futures for the much-broader index settled 1.75 points to 5,999.
Futures for the tech-heavy NASDAQ sank 37.75 points, or 0.2%, to 21,382.50.
Bitcoin prices fell below $90,000 overnight, marking their lowest their lowest level in three months. The blue-chip coin is trading almost 20% below its all-time high reached on President Donald Trump’s inauguration day.
Investors are also mulling President Donald Trump’s latest remarks on trade. He said that tariffs on imports from Canada and Mexico “will go forward” after the current 30-day moratorium ends.
Wall Street also turned its attention to key earnings reports. Home Depot reported fourth-quarter figures that beat analyst expectations, but the stock shed about 2% in the premarket.
Nvidia is set to report earnings Wednesday after the bell.
On the economic front, investors are turning their attention to the latest U.S. consumer confidence data due out at 10 a.m. ET.
Economists polled by Dow Jones are expecting the Conference Board’s consumer confidence index to show a reading of 102.3 for February, less than the previous month’s reading of 104.1.
In Japan, markets returned to trading Tuesday, with the Nikkei 225 docked 1.4%, while in Hong Kong, the Hang Seng dipped 1.3%.
Oil prices slid 40 cents to $70.30 U.S. a barrel.
Gold prices faltered $24.20 to $2,939 U.S. an ounce.
