
Corrects date in fourth paragraph to Feb. 10 from Feb. 1
Feb 4 (Reuters) - Futures for Canada's main stock index declined on Tuesday as oil prices fell after an escalating trade war between the U.S. and China, overshadowing Ottawa's temporary relief from President Donald Trump's tariffs.
March futures on the S&P/TSX index SXFcv1 were down 0.36% at 6:26 a.m. ET (1126 GMT).
Oil prices LCOc1, CLc1 fell over 1% after China retaliated with tariffs on the U.S. O/R
U.S. levies on China came into effect at 12:01 a.m. ET on Tuesday (0501 GMT), while Beijing's trade duties on Washington will start on Feb. 10.
U.S. stock index futures also edged down on Tuesday after China's tariffs. .N
Gold prices XAU= remained steady on Tuesday after a record rally in the previous session driven by safe-haven demand.
Meanwhile, copper prices edged higher following a sharp pullback, but gains were limited due to the trade tensions. GOL/MET/L
On Monday, domestic investors were relieved after Trump suspended steep tariffs on Mexico and Canada, agreeing to a 30-day pause in exchange for concessions on border and crime enforcement with the two neighboring countries.
The deal temporarily averted a trade war that economists warned could harm all involved economies and lead to higher consumer prices.
On Monday, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE fell 1.1% but partly recovered from initial steeper losses, as investors considered the pause in U.S. tariffs.
In corporate news, financial services company TMX GROUP X.TO on Tuesday reported fourth-quarter profit and revenue above estimates.
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