Canada's main stock index futures edged higher Tuesday as investors positioned for a flood of critical U.S. economic data later this week. The S&P/TSX 60 index futures rose 2 points, or 0.1%, by 06:20 ET, following Monday's 1.7% surge in the S&P/TSX composite index to 33,023.32.

U.S. stock futures traded mixed, with the Dow Jones Futures up 27 points, or 0.1%, while S&P 500 Futures gained 6 points and Nasdaq 100 Futures remained flat. The gains on Wall Street Monday were driven by tech stocks benefiting from the artificial intelligence boom in data centers, with the Dow Jones Industrial Average hitting a record closing high above 50,000.

Investors are now focused on December retail sales data due later Tuesday, followed by the delayed January jobs report Wednesday and consumer price index on Friday. These reports will be crucial in shaping expectations for Federal Reserve policy, particularly regarding potential interest rate cuts later in 2026. Analysts at ING noted that retail sales are expected to grow 0.4% month-over-month, suggesting the U.S. consumer remains strong.