PHOTO
Downtown buildings along the waterfront are seen from a landing commuter plane in Toronto, Ontario, Canada December 6, 2019. Image used for illustrative purpose. Chris Helgren, Reuters
Futures for Canada's main stock index were lower on Tuesday as oil and industrial metal prices fell on concerns about the economic impact of rising COVID-19 cases in China.
Futures on the S&P/TSX index were down 0.6% at 7:00 a.m. ET.
The Toronto Stock Exchange's S&P/TSX composite index hit a near two-week low on Monday, weighed down by weakness in energy and mining companies after Russia-Ukraine peace talks showed tentative signs of progress.
Oil prices extended losses on Tuesday and industrial metal prices fell as daily COVID-19 infections in major consumer China doubled from a day earlier to hit a two-year high.
In New York, Dow e-minis were up 15 points, or 0.05%, while S&P 500 e-minis were up 8 points, or 0.19% and Nasdaq 100 e-minis were up 50.25 points, or 0.39%.
TOP STORIES
Thousands of workers at Canada's second-biggest railway, Canadian Pacific Railway Ltd, have threatened to strike starting Wednesday, potentially disrupting the movement of grain, potash and coal at a time of soaring commodity prices.
ANALYST RESEARCH HIGHLIGHTS
Hardwoods Distribution Inc: National Bank of Canada ups PT to C$79.50 from C$79
Ivanhoe Mines Ltd: Citigroup raises to buy from neutral
Loblaw Companies Ltd: National Bank of Canada raises target to C$119 from C$111
($1= C$1.2837)
(Reporting by Sruthi Shankar in Bengaluru; Editing by Aditya Soni)