CANADA STOCKS-TSX futures edge down amid tariff jitters; domestic data awaited
Jan 21 (Reuters) - Futures for Canada's main stock index fell on Tuesday amid uncertainties over tariffs under U.S. President Donald Trump, while investors awaited domestic inflation numbers.
March futures on the S&P/TSX index SXFcv1 were down 0.1% at 6.44 a.m. ET (1144 GMT).
Trump did not immediately impose tariffs on Canada and Mexico after taking office on Monday, but later said he was thinking of imposing 25% duties starting Feb. 1, citing concerns over illegal immigration and fentanyl smuggling.
Canada sends a majority of its exports south of the border, including energy products.
Investors were also focused on domestic consumer price index (CPI) data, scheduled for release at 8:30 a.m. ET on Tuesday, that could potentially influence the Bank of Canada's interest rate decisions.
Traders bet that there is an 80% probability of a 25 basis-point cut in interest rates this month. 0#BOCWATCH
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE reached a five-week high on Monday as markets welcomed the temporary relief from U.S. trade tariffs.
In commodities, gold prices XAU= rose as investors sought safety amid uncertainties over Trump's trade policies. But copper prices fell on tariff threats. GOL/ MET/L
Oil prices LCOc1, CLc1 also fell as the market reacted to Trump's plans to boost U.S. oil and gas production. O/R
In corporate news, Canadian company Teck Resources TECKb.TO reported a 50% increase in its annual copper production for 2024 to 446,000 tonnes.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/ CA/
Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA
Canadian markets directory CANADA
($1 = 1.4439 Canadian dollars)
(Reporting by Ragini Mathur in Bengaluru; Editing by Sahal Muhammed)
((Ragini.Mathur@thomsonreuters.com;))
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