Canadian markets were closed for Civic Holiday on Monday, when global markets tumbled following an escalation in the US-China trade war that also crushed any lingering hopes for a quick resolution of the dispute.

September futures on the S&P/TSX index were down 2.43pc at 7:00 a.m. ET on Tuesday, even as the rout in global markets eased after China kept the yuan on a leash.

The Toronto Stock Exchange's S&P/TSX fell 105.38 points, or 0.64pc, to 16,271.66 on Friday.

Dow Jones Industrial Average e-mini futures were up 0.75pc at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.8pc and Nasdaq 100 e-mini futures were up 0.91pc.