Canadian stock futures edged lower Tuesday as investors weighed domestic bank earnings against a backdrop of gold price declines and ongoing artificial intelligence-driven market jitters. S&P/TSX 60 futures fell 4 points, or 0.2%, by 06:48 ET, while the S&P/TSX composite index retreated 0.1% to 33,776.50 in the previous session.

Financial stocks lagged as traders braced for Canadian lenders' profits to be hit by slowing loan growth and tepid consumer demand. The pressure was partially offset by gains in materials stocks, fueled by gold price movements. Meanwhile, U.S. stock index futures climbed slightly, rebounding from the prior session's selloff as investors digested heightened uncertainty over global trade and AI disruptions ahead of key Nvidia earnings.

Markets continue to grapple with trade uncertainty following U.S. President Donald Trump's new global tariffs, which took effect at a 10% level after a Supreme Court ruling. FedEx filed a lawsuit seeking refunds for emergency tariffs paid over the past year, becoming the first company to do so. Elsewhere, Home Depot is set to report quarterly earnings before the opening bell, with investors watching for insights into consumer spending patterns amid weak demand for big-ticket items.