(RTTNews) - Canadian stocks are poised for yet another lackluster session Tuesday as the prices of commodities ticked lower in morning deals. With a light economic calender this week, traders are is likely to look to the movements in commodity prices and earnings reports from corporates. However, financial stocks could support the main index after Scotiabank, in line with most other major banks, reported improved quarterly income that beat consensus estimates. The U.S. stock futures also point to a lower opening. On Monday, the S&P/TSX Composite Index ended losing a marginal 11.30 points or 0.09% to 11,963.84, after having gained nearly 3% in the previous week. The price of crude oil was down $1.40 to $80.47 a barrel and gold for April moved down $7.20 to $1,116.80 an ounce. In corporate news, Scotiabank (BNS.TO) reported that its earnings improved to C$0.93 a share in the first quarter from C$0.82 in the year ago period. Analysts were expecting the bank to report a net income of C$0.87 per share. Earlier this month, Toronto-Dominion Bank said its quarterly net income nearly doubled and RBC reported over 30% jump in its earnings. Gold and copper explorer Northgate Minerals (NGX.TO) slipped to loss in fourth-quarter reporting net loss of $0.23 per share, as against a profit of $0.07 per share in the prior year period. Analysts were expecting the company to report earnings of $0.03 per share for the quarter. Oil and gas explorer NuVista Energy (NVA.TO) reported lower fourth quarter net earnings of C$0.12 per share, compared to C$0.31 per share last year. Oil and gas company Pengrowth Energy Trust (PGF_UN.TO) reported huge decline in its fourth-quarter profit at C$0.18 income per trust unit compared to C$0.58 in the prior year. Aerospace and transportation equipments maker Bombardier Inc. (BBD_B.TO) has decided to withdraw its proposed institutional private placement of new senior notes, due to the current unfavorable conditions in the debt capital markets. Software services provider Enghouse Systems (ESL.TO) posted first-quarter net income of $0.08 per share compared with $0.03 per share in the previous year period. Communications network services provider Prestige Telecom (PR.V) said it will be acquiring all the issued and outstanding shares of Majetel Inc and believes this will be immediately accretive to Prestige. Agriculture and construction equipments dealer Rocky Mountain Dealerships (RME.TO) swung to profit in fourth quarter, reporting net earnings of C$0.35 per share, compared to a net loss of C$7.34 per share in the year ago period.

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