(Reuters) – Futures for Canada’s main index retreated on Tuesday, dragged by weaker bullion prices, while investors awaited cues on further U.S. fiscal stimulus.
December futures on the S&P/TSX index were down 0.5% at 7:00 a.m. ET.
The yellow metal fell 0.11% to $1913.9 an ounce as investors shifted to riskier assets after U.S. President Donald Trump returned to the White House on Monday after being treated for COVID-19.
Canada’s trade data for August is due at 8:30 a.m. ET
The trade deficit is likely to have narrowed to C$2 billion ($1.51 billion) in August from C$2.5 billion in July, as per a Reuters poll.
The Toronto Stock Exchange’s S&P/TSX composite index ended 1.3% higher at 16,410.19 on Monday, after posting its best intraday in nearly a month.
Dow Jones Industrial Average e-mini futures were up 0.01 at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 0.23% and Nasdaq 100 e-mini futures NQc1 were down 0.37%.
TOP STORIES
A workers union at the Candelaria copper mine in Chile rejected a contract offer from Canada’s Lundin Mining, union officials said on Monday, raising the possibility of a strike.
ANALYST RESEARCH HIGHLIGHTS
Cineplex Inc: CIBC cuts target price to C$6 from C$10
Northland Power Inc: National Bank of Canada raises PT to C$43 from C$39
Calibre Mining Corp: Canaccord Genuity raises target price to C$4 from C$3.20
COMMODITIES AT 7:00 a.m. ET
Gold futures: $1913.9; -0.11%
US crude : $39.61; +0.99%
Brent crude : $41.71; +1.02%
U.S. ECONOMIC DATA DUE ON TUESDAY
0830 International trade for Aug: Expected -$66.1 bln; Prior -$63.6 bln
0830 Goods trade balance (R) for Aug: Prior -82.94 bln
1000 JOLTS job openings for Aug: Expected 6.685 mln; Prior 6.618 mln
Reporting by Amal S; Editing by Ramakrishnan M.