Futures tracking Canada’s S&P/TSX Composite Index traded lower on Tuesday, following a global risk-off mood. Despite an overnight tech rally in the US, sentiment in Canada stayed cautious as manufacturing remained in contraction territory in October. Commodity weakness added pressure on domestic producers, with oil prices falling after OPEC+ agreed to raise production by 137,000 barrels per day in December, while pausing further increases until March 2026. Gold prices also slipped amid a stronger US dollar, weighing on Canadian miners. Shopify was set to report earnings later in the day, alongside Air Canada, Intact, Fortis, and Industrial Alliance. Franco-Nevada gained 0.9% on Monday after reporting results above expectations.