Futures tied to Canada’s main stock index slipped on Tuesday after U.S. President-elect Donald Trump pledged big tariffs on top U.S. trading partners, including Canada, denting investor sentiment.
The TSX slid 33.43 points to close Monday at 25,410.35
December futures declined 0.5% Tuesday.
The Canadian dollar was unchanged at 70.96 cents U.S.
In corporate news, Financial Times reports Canaccord Genuity is working with bankers to review its British wealth management business, with potential outcomes ranging from a sale to bringing in another investor.
ON BAYSTREET
The TSX Venture Exchange faded 3.24 points Monday to 602.93
ON WALLSTREET
Dow Jones Industrial Average futures wavered on Tuesday — a day after the blue-chip index closed at a record high — as investors assessed the threat of new tariffs from President-elect Donald Trump.
Futures for the 30-stock average poked ahead 21 points, or 0.1%, to 44,847.
Futures for the S&P 500 added 15.75 points, or 0.3% to 6,022.25
Futures for the NASDAQ Composite Index leaped 71.5 points, or 0.3%, to 20,951.75.
On Monday night, Trump called for a 25% tariff on products from Mexico and Canada, as well as an additional 10% levy on Chinese goods. He has already said he would impose a tariff of up to 20% on all imports, and an additional duty of at least 60% on products from China.
Stocks are coming off an action-packed session fueled by Trump’s new Treasury secretary pick, hedge fund executive Scott Bessent. The gains helped bolster the belief that the postelection rally is back in full gear following a brief breather.
The 30-stock Dow popped roughly 440 points, or about 1%, to a new record close during regular trading. The S&P 500 gained 0.3% to notch a new all-time intraday high, while the NASDAQ Composite edged up about 0.3%.
The U.S. market is closed Thursday for the Thanksgiving holiday and set to close early Friday, with volume expected to remain light.
In Japan, the Nikkei 225 dipped 0.9% Tuesday, while in Hong Kong, the Hang Seng edged upward 0.04%.
Oil prices gained 70 cents to $69.64 U.S. a barrel.
Gold prices took on $14.50 to $2,633 U.S. an ounce.
