Futures for Canada’s main stock index edged higher on Tuesday as declines in commodity prices were countered by optimistic investor sentiment tracking a recovery on Wall Street.
June futures on the S&P/TSX index were up 0.1% at 6:32 a.m. ET.
Spot gold prices fell 1% to over a two-week low amid easing concerns of an escalation in the Middle East crisis triggered profit-taking, while copper prices dipped on caution following sessions of strong price rallies.
Oil prices traded lower after a rebound on stronger economic data out of Europe and the weight of the potential fallout from any fresh U.S. sanctions on Iran’s oil exports.
Meanwhile, Wall Street futures rose marginally as investors geared up for a busy week packed with corporate earnings.
Big tech companies like Microsoft, Meta and Alphabet are set to report their quarterly earnings later in the week.
Canadian earnings will also pick pace with First Quantum Minerals, Rogers…
