Canadian stocks are poised for a mixed open Tuesday amid flat commodities and lack of cues from the global equity markets, with most of them shut for May Day holiday. Meanwhile, manufacturing data from the Europe and China came in mixed, even as traders await factory data from south of the border, due out just after the markets open.
U.S. stock futures were pointing to a marginally higher open
On Monday, the S&P/TSX Composite Index extended gains for a fourth session, adding 54.95 points or 0.45 percent to 12,292.69.
The price of crude oil was lingering below the $105-mark Tuesday morning as traders digest a lower-than-forecast Purchasing Managers Index for China and a steeper-than-expected rate cut by the Reserve Bank of Australia. Crude for June slipped $0.06 to $104.81 a barrel
The price of gold ticked up Tuesday morning as investors weighed the prospect of a stimulus to the economy. Gold for June edged up $5.50 to $1,669.70 an ounce.
In corporate news from Canada, Scotiabank (BNS.TO) posted first-quarter net income of C$93 million, compared to C$75 million in the comparable quarter last year.
Integrated energy company Suncor Energy (SU.TO) reported first quarter net earnings of C$1.457 billion or C$0.93 per share, compared to C$1.028 billion or C$0.65 per share in the year-ago quarter.
Global, diversified, upstream oil and gas company Talisman Energy (TLM.TO) swung to profit in first quarter, reporting net profit of $291 million or $0.25 per share versus loss of $326 million or $0.32 per share a year ago. Earnings from operations per share were $0.16, up from $0.15 in the same quarter a year earlier. Analysts were expecting the company to report loss of C$0.21 per share for the quarter.
Forest products company West Fraser Timber (WFT.TO) slipped into the red in first-quarter, reporting net loss of C$16.7 million or C$0.39 per share compared to net earnings of C$18.9 million or C$0.44 per share last year. Adjusted loss from continuing operations was C$11 million or C$0.26 per basic share compared to earnings of C$39 million or C$0.91 per share last year. Analysts were expecting the company to report loss of C$0.11 per share for the quarter.
Airlines operator Westjet Airlines (WJA.TO) reported first quarter net earnings of C$68.3 million or C$0.49 per share, up from C$48.2 million or C$0.34 per share in the first quarter of 2011. Analysts were expecting the company to report loss of C$0.39 per share for the quarter.
Information services provider Thomson Reuters Corp. (TRI.TO) posted higher first-quarter net earnings of $314 million or $0.38 per share versus $250 million or $0.30 per share. Adjusted earnings from continuing operations advanced to $365 million or $0.44 per share, from $307 million or $0.37 per share last year. Analysts were expecting the company to report loss of C$0.41 per share for the quarter.
Ecopetrol S.A. (EC, ECP.TO) reported first-quarter unconsolidated net income of COL$4,343.1 billion or COL$105.63 per share, compared to COL$3,404.6 billion or COL$84.12 per share last year.
BP Plc (BP_UN.TO) posted lower first-quarter profit of $5.92 billion compared with last year's $7.25 billion. On a per share basis, quarterly profit were 30.74 cents down from 38.10 cents in the prior-year quarter.
In economic mews from the euro zone, the UK's manufacturing sector growth slowed in April amid sharp decline in new export orders, a survey by Markit Economics revealed. The Markit/Chartered Institute of Purchasing & Supply purchasing managers' index for the factory sector fell to 50.5 in April from a revised 51.9 in March. Economists expected a reading of 51.5, down from March's initial score of 52.1.
Elsewhere, China's manufacturing activity accelerated in April, led by an expansion in production and new export orders, the latest survey by the China Federation of Logistics and Purchasing showed earlier today. The official purchasing managers' index, which is compiled by CFLP on behalf of the National Bureau of Statistics, rose to 53.3 in April from 53.1 in March. Economists had forecast an increase to 53.6.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.