Futures linked to Canada's main stock index edged lower on Tuesday as gold prices retreated, while investors looked ahead to quarterly results from major banks. March futures on the S&P/TSX composite index slipped 0.17%, as of 5:18 a.m. ET. Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here. Toronto's benchmark index (.GSPTSE), opens new tab closed lower on Monday, as tariff uncertainty weighed on market sentiment, with tech and financial stocks leading the declines. Advertisement · Scroll to continue Spot gold fell 1.1%, retreating from a three-week high hit earlier in the session as U.S. dollar strengthened while investors awaited clarity on President Donald Trump's tariffs. Silver gained 0.3%, while copper prices also climbed. Canada's largest banks are expected to report another quarter of strong earnings, with Bank of Nova Scotia (BNS.TO), opens new tab to kick off the first-quarter earnings this morning before the bell. Meanwhile, oil prices gained, nearing seven-month highs as traders assessed supply concerns with another round of U.S.-Iran nuclear talks scheduled for Thursday. Brent crude futures were up 0.03%, while the U.S. West Texas Intermediate crude was up 0.2%. Advertisement · Scroll to continue
In corporate news, energy firm Whitecap Resources (WCP.TO), opens new tab reported quarterly results after the bell on Monday, beating analysts' estimates.
