Coutu in focus
Canadian stocks looked set to open lower on Tuesday
The S&P/TSX composite index finished down by 42.03 points to end Monday at 15,172.93, with futures off 0.2% on Tuesday.
The Canadian dollar peeked up
Fewer Canadian firms expect to have difficulty meeting a surge in demand than did in the first quarter, the Bank of
Barclays raised the target on Alimentation Couche-Tard to
It's a downbeat start to Tuesday but all eyes will be on Alcoa as investors ponder whether corporate profits are strong enough to push stocks higher.
Ahead of the opening bell, futures for the Dow Jones Industrials fell 20 points, or 0.1%, to 16,926. Futures for the S&P 500 doffed 2.5 points, or 0.1%, to 1,968.50, and futures for the NASDAQ dropped 2.25 points, or 0.1%, to 3,902.
Aluminum producer Alcoa reports earnings after the closing bell, marking the start of the quarterly results season. Restaurant chain
Yahoo, which derives a chunk of its value from a stake in IPO candidate
With the S&P 500 index already up 7% this year, investors will be looking closely to see whether corporate profits can support stocks and to what extent markets have been relying on cheap money from the U.S. Federal Reserve to push indexes to new records.
European markets were weaker, with airline and banking stocks under pressure. Air France KLM cut its earnings forecast due to overcapacity on routes to
Samsung warned that revenue and profit will fall in the second quarter as the company struggles to find new smartphone buyers in an already saturated market. The
Oil prices sank
Gold prices added
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