Early Signals Point To Reprieve On Bay Street -- Canadian Commentary

(RTTNews) - Canadian stocks will look to get back on track Tuesday morning after big recent losses. Bargain hunters may find value in beaten-down metal and energy stocks, helping the broader market.

The S&P/TSX composite index plunged 184.87 points, or 1.3%, to close Monday at 14,001.37.

U.S. crude oil for September was down 27 cents at $47.14 a barrel, having briefly slipped below $47 for the first time in a few months.

Still, futures indicate energy stocks might find some buyers today.

Husky Energy Inc. (HSE.TO) reported Net Income of C$120 Mln in Q2 vs. C$628 Mln in the same period last year. That's a decline of more than 80 percent.

WestJet Airlines Ltd (WJA.TO) reported a 19% rise in quarterly profit thanks to lower fuel costs and new routes.

First Quantum Minerals (FM.TO)today reported it is getting reduced electricity to its Kansanshi operation from ZESCO, Zambia's state-run power company.