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Aug. 4, 2020, 8:46 a.m. EDT

Futures Improve with Gold Prices

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Aug 04, 2020 (Baystreet.ca via COMTEX) -- Futures for stocks in Canada's largest market rose on Tuesday, supported by firmer gold prices as worries over mounting coronavirus cases across the world boosted demand for the safe haven asset.

The S&P/TSX Composite Index moved downward 130.09 points Friday to conclude the week at 16,169.20, resulting in a weekly gain for the index of 172 points, or 1.08%.

September futures surged 1.1% Tuesday.

The Canadian dollar docked 0.08 cents Tuesday to 74.58 cents U.S.

Markets in Canada were shuttered for Civic Holiday.

Bausch Health Companies has agreed to pay $45 million, and three of former top executives also agreed to penalties, to settle charges of improper revenue recognition and misleading disclosures in U.S. regulatory filings, the U.S. Securities and Exchange Commission (SEC) said on Friday

ATB Capital cut the target price on Air Canada to $31.00 from $37.00

CIBC raised the target price on Dundee Precious Metals to $12.50 from $10.50

Jefferies initiated coverage of Pembina Pipeline the stock with a hold rating and a price target of $34.00

On the economic calendar, the Markit Canada Manufacturing Purchasing Managers Index was due out this morning (9:30 a.m. EDT)


The TSX Venture Exchange piled on 15.5 points, or 2%, Friday to finish the week at 721.24, for a weekly hike of 29.8 points, or 4.31%.


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