Futures tied to Canada's main stock index rose on Tuesday, as geopolitical tensions and tariff uncertainties lifted the prices of oil, gold and copper.
The TSX Composite Index recovered 335.62 points, or 1.3%, to close Monday at 25,304.11, its highest level in three weeks.
Futures gained 0.2% Tuesday.
The Canadian dollar pointed upward 0.13 cents to 69.98 cents U.S.
Copper prices edged up as markets monitored the metal's movement to the U.S. due to potential tariff issues. However, a stronger dollar limited the gains.
Shares in Dundee Precious Metals were of key interest, closing Monday at $18.44.
ON BAYSTREET
The TSX Venture Exchange hiked 5.97 points to close Monday at 643.76.
ON WALLSTREET
U.S. stock futures were little changed Tuesday after the major averages climbed on rising hopes that President Donald Trump will curtail his initial plans for broad-ranging tariffs. Investors also awaited consumer confidence figures that could sway the market later in the session.
Futures for the Dow Jones Industrials faded six points to 42,892.
Futures for the S&P 500 index cleared breakeven four points, or 0.1%, to 5,819.50.
Futures for the tech-heavy NASDAQ dropped four points to 20,370.25.
Medical device and pharmaceutical company Alcon “is on the cusp of an earnings upgrade cycle driven by product launches,” according to Bank of America.
During Monday’s session, the 30-stock Dow jumped nearly 600 points, or about 1.4%. The broad market S&P 500 added nearly 1.8%, while the tech-heavy NASDAQ Composite climbed 2.3%.
The Conference Board’s consumer confidence index reading is scheduled for 10 a.m. ET. Economists polled by Dow Jones expect a print of 93.5, down from 98.3 in February.
Later Monday, Trump told the press that he “may give a lot of countries breaks” on reciprocal tariffs. He added that duties on certain sectors, such as pharmaceuticals and autos, would still be coming in the “near future.”
In Japan, the Nikkei 225 index recovered 0.5%, while in Hong Kong, the Hang Seng were punished by the prospect of tariffs and collapsed 2.4%.
Oil prices climbed 31 cents to $69.42 U.S. a barrel.
Gold prices jumped $13.20 to $3,028.80 U.S. an ounce.
