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Futures on Rise Tuesday

Futures for Canada's main stock index rose on Tuesday on trade optimism after Washington said the United States and China would resume trade talk in two weeks.

The S&P/TSX stepped back 26.26 points from Friday's all-time high, to conclude Monday at 16,873.43

The Canadian dollar inched up 0.02 cents to 75.45 cents U.S. early Tuesday

December futures gained 0.2% early Tuesday.

BlackBerry reported a loss for the second quarter, compared to a profit a year earlier, as the company spent heavily to integrate recently acquired Cylance into its suite of products.

International insurers are vying to buy the Singapore and Vietnam businesses of Britain's Aviva in a deal likely to be worth up to $2.5 billion. Sun Life Financial and Manulife Financial Corp are also among roughly half a dozen suitors for the businesses.

Macquarie raised the rating on First Quantum Minerals to neutral

Eight capital raised the target price on Fission Uranium to $2.30 from $2.00

Scotiabank raises target price to $63.00 from $57.50

ON BAYSTREET

The TSX Venture Exchange deleted 1.32 points Tuesday to 589.13

ON WALLSTREET

U.S. stock index futures were higher Tuesday morning as hope around U.S.-China trade talks increased.

Futures for the Dow Jones Industrials hiked 73 points, or 0.3%, early Tuesday to 27,035

Futures for the S&P 500 gained 8.75 points, or 0.3%, at 3,005.75

NASDAQ Composite futures took on 25.5 points, or 0.3%, to 7,876

In corporate news, Autozone, Carmax, and BlackBerry are among some of the companies set to publish their latest earnings before the opening bell.

Nike, Cintas, and Synnex are set to release their latest quarterly results after market close.

Media reports Tuesday had China granting new waivers to several companies exempting them from tariffs on at least two million tons of U.S. soybeans. The report added some companies have already bought about 1.2 million tons of soybeans.

Treasury Secretary Steven Mnuchin also confirmed trade talks between the world's two largest economies would resume next month. In an interview, Mnuchin said negotiators from the U.S. and China had made some progress in last week's deputy-level meetings.

Apple, which has large exposure to the Chinese market, rose 0.9% in the pre-market. Caterpillar gained 1.2%, and Boeing, another trade bellwether, added 0.6%.

On the data front, Philadelphia Fed non-manufacturing figures for September will be released this morning. The S&P/Case-Shiller's home price index for July, consumer confidence data for September and Richmond Fed surveys will all follow slightly later in the session.

Overseas, in Japan, returned from a long weekend to gain 0.1% Tuesday, while in the Hong Kong, the Hang Seng index gained 0.2%

Oil prices dipped 66 cents to $57.98 U.S. a barrel.

Gold prices subtracted $2.90 to $1,528.60 U.S. an ounce.

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