Futures List Lower Tuesday

Canada’s main stock index futures fell on Tuesday, as investors awaited concrete signs of any progress in trade talks between the United States and China.

The TSX Composite Index gained 78.02 points to close Monday at 17,036.33

The Canadian dollar slid 0.02 cents to 75.15 cents U.S. early Tuesday

December futures fell 0.1% Tuesday.

Bank of Nova Scotia posted a 1.6% rise in quarterly profit on Tuesday, aided by modest growth in domestic and international banking units against the backdrop of slowing economic growth.

Canaccord Genuity raised the price target on Scotiabank to $77.00 from $74.00

Alimentation Couche-Tard sweetened an approach for Caltex Australia

with a A$8.61-billion ($5.8-billion U.S.) offer, a day after Caltex said it could carve out some of its convenience shop sites.

Meanwhile, BMO raised the rating on Couche-Tard to outperform from market perform

Australia’s Evolution Mining on Tuesday agreed to buy Canadian gold mining complex Red Lake from Newmont Goldcorp for $375 million in cash.

Canaccord Genuity raised the price target on CI Financial to $25 from $23.50

ON BAYSTREET

The TSX Venture Exchange squeaked ahead 0.19 points Monday to 530.21

ON WALLSTREET

U.S. stock index futures were little changed on Tuesday as investors digested sharp gains from the previous session that pushed equities to fresh record highs.

Futures for the Dow Jones Industrials nicked 17 points, or 0.1%, higher Tuesday to 28,056.

Futures for the S&P 500 edged higher 0.5 points at 3,133.25.

The NASDAQ Composite moved higher by 1.75 points to 8,378.25.

Abercrombie & Fitch, Best Buy and Dell are among the firms announcing earnings today.

On the data front, advanced economic indicators for October, the October international trade deficit, and the Philadelphia Fed non-manufacturing index for November will be released at 8:30 a.m. ET.

The S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI) for September, new home sales for October and consumer confidence figures for November will follow slightly later in the session.

Tuesday’s muted moves come after the major averages all set record closing highs amid optimism around the U.S.-China trade talks.

China’s ministry of commerce said Monday that the leaders of China and the U.S. spoke over the phone.

It is yet unclear if both sides will be reaching a compromise before Dec. 15, when new U.S. tariffs on Chinese goods are set to kick in.

Overseas, in Japan, the Nikkei 225 gained 0.4% Tuesday, while in Hong Kong, the Hang Seng Index sank 0.3%.

Oil prices gained 26 cents to $58.27 U.S. a barrel.

Gold prices settled $1.20 to $1,455.70 U.S. an ounce.