TORONTO - Global indicators were negative for North American stock markets early Tuesday, while the Canadian dollar and oil prices both pulled back from Monday's record high levels.
The loonie opened at 104.62 cents US, down 0.34 of a cent from a 47-year high.
On Monday, the Canadian currency had surged 1.03 cents to 104.96 cents US, its highest close since the end of March 1960 -- after briefly going as high as 105.1 cents US.
Wall Street futures suggested a lower start to the regular session as the U.S. Federal Reserve prepares to start a two-day meeting on interest rates.
In early action, Britain's FTSE 100 fell 0.68 per cent Germany's DAX index dropped 0.43 per cent and France's CAC-40 dipped 0.53 per cent.
Japan's Nikkei stock average fell 0.28 per cent while Hong Kong's Hang Seng index rose 0.16 per cent.