CANADA STOCKS-TSX futures flat amid US tariffs uncertainty

Feb 14 (Reuters) - Futures tied to Canada's main stock index were subdued on Friday, as cautious investors awaited more details on U.S. tariff plans.

March futures on the S&P/TSX index SXFcv1 were down 0.03% at 6.44 a.m. ET (1144 GMT).

U.S. President Donald Trump has instructed his economic team to create plans for reciprocal tariffs on countries that tax U.S. imports, heightening the risk of a global trade war with American friends and foes.

This directive, issued on Thursday, starts a potentially lengthy investigation into tariffs on U.S. goods by other nations, rather than immediate new tariffs.

Earlier this month, Trump kicked off a trade war, first by imposing tariffs on Mexico and Canada and then pausing them, but sticking with duties on Chinese goods.

In the commodities market, gold prices XAU= rose, heading for a seventh consecutive weekly gain due to safe haven demand amid growing concerns over the global trade war. GOL/

Oil prices LCOc1, CLc1 also increased and were set to end a streak of three successive weekly declines, driven by rising fuel demand and the expectation that U.S. tariffs might not take effect until April. O/R

The Toronto Stock Exchange's S&P/TSX composite index rose on Thursday as investors remained calm in the face of tariff threats and signs of rising U.S. inflation.

On Friday, U.S. retail sales figures, crucial for assessing consumer demand, will be released at 8:30 a.m. ET.

Next week, a reading of consumer price index (CPI) data will be on investors' radar to gauge the Bank of Canada's interest rate policy.

In corporate news, pipeline operator TC Energy TRP.TO beat estimates for fourth-quarter profit on Friday.

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