Plus   Neg

Positive Momentum Evaporates, Trump Rebukes Ottawa -- Canadian Commentary

Canadian stocks may struggle to extend yesterday's rebound Tuesday morning as U.S. President Donald Trump had sharp words regarding trade relations.

"Canada does not treat us right in terms of the farming and the crossing the borders," Trump said. "We cannot continue to be taken advantage of by other countries."

He threatened increased duties on goods imported to America.

"We are going to charge countries outside of our country -- countries that take advantage of the United States," Trump said. "Some of them are so-called allies but they are not allies on trade. ... So we're going to be doing very much a reciprocal tax and you'll be hearing about that during the week and the coming months."

The TSX Composite Index was up 207.35 points to 15,241.88 on Monday, having dropped to its lowest since September.

Stock futures are pointing to losses at the opening bell in the U.S. and Canadian markets.

Ontario utility Hydro One (H.TO) said adjusted earnings per share (EPS) was $0.29, and EPS was $0.26, compared to $0.22 in the prior year.

DHX Media reported its second quarter profit jumped from a year ago. The company said it would pursue strategic options lsat year.

For comments and feedback contact: editorial@rttnews.com

Market Analysis

Follow RTT