Canada's main stock index, the TSX Composite, opened lower on Tuesday due to losses in financials and cautious investor sentiment ahead of President Donald Trump's planned announcement of reciprocal tariffs.
First Quantum Minerals agreed to end two arbitration proceedings related to its Cobre Panama copper mine, resulting in a jump in the company's shares.
President Trump is set to announce reciprocal tariffs that will bring U.S. tariffs to other countries' levels on Wednesday, with specific details yet to be revealed.
The S&P 500 remained flat as the market awaited clarity on Trump's tariff policy rollout and faced pressure from weaker-than-expected economic data.