(fxcue news) - The Canadian market is likely to open on a flat to negative note on Tuesday as investors are likely to stay cautious ahead of U.S. President Donald Trump's announcement of reciprocal tariffs. The U.S. President is expected to make the announcements on Wednesday, which he has dubbed 'Liberation Day.' Trump is expected to unveil tariffs targeting all nations, not just specific ones as previously planned. Endeavour Silver Corp (EDR.TO) announced that it has signed a definitive agreement to acquire Compania Minera Kolpa and its Huachocolpa Uno mine in Peru for US$145 million in cash and shares. Brookfield Asset Management (BAM.TO) and Angel Oak Companies today announced that they have entered into an agreement in which Brookfield will acquire a majority ownership stake in Angel Oak and offer its investors access to the firm's residential mortgage credit strategies. Canopy Growth (WEED.TO) announced that it has made an optional early prepayment of US$100 million under its senior secured term loan at a discounted price of US$97.5 million. The company will save about US$13 million in interest expenses on an annualized basis. Data on Canada's manufacturing activity for the month of March is due at 9:30 AM ET. The Canadian market ended on a firm note on Monday, lifted by gains in consumer, energy, industrials and financials sectors. Asian markets closed mostly higher on Tuesday, recovering from steep losses recorded in the previous session on worries about the impact of a trade war. European stocks are up firmly in positive territory, rebounding well despite continued uncertainty about Trump's reciprocal tariffs. Investors are largly focusing on regional business data. In commodities trading, West Texas Intermediate Crude oil futures are down $0.09 at $71.39 a barrel. Gold futures are gaining $7.00 or 0.23% at $3,157.30 an ounce, while Silver futures are down $0.031 or 0.09% at $34.580 an ounce.