TSX futures slip as gold prices retreat ahead of major bank earnings

Canadian stock futures slipped Tuesday morning as falling gold prices weighed on the market. Investors are now awaiting quarterly results from major banks.

Insights:
Futures linked to Canada CACA's main stock index (TSX futures) edged lower on Tuesday as market participants reacted to a retreat in spot gold and prepared for the start of the quarterly reporting season for Canada's largest banks. The S&P/TSX composite index, also known as the Toronto benchmark index, is facing downward pressure as gold prices pulled back from a three-week high, while investors focus on The Bank of Nova Scotia , which is scheduled to report its results before the bell.
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada, on January 23, 2019. REUTERS/Chris Helgren/File Photo
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada, on January 23, 2019. REUTERS/Chris Helgren/File Photo
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