CANADA STOCKS-TSX futures flat amid Trump's new tariff threats

Feb 20 (Reuters) - Futures for Canada's primary stock index remained steady on Thursday as market participants weighed the potential consequences of fresh tariff threats issued by U.S. President Donald Trump.

As of 6:24 a.m. ET (11:24 GMT), March futures on the S&P/TSX index SXFcv1 was flat.

Trump announced plans to unveil fresh tariffs within the next month or sooner, targeting lumber and forest products in addition to previously announced duties on imported cars, semiconductors and pharmaceuticals.

This announcement is particularly significant for Canada, one of the globe's leading producers and exporters of softwood lumber, with the lion's share of these exports destined for the United States.

Amidst the renewed tariff threats, gold prices soared to unprecedented heights, as fears of a global trade war pushed investors towards the safe-haven metal.

Later in the day, investors are set to digest a U.S. weekly jobless claims report and remarks from at least four Federal Reserve officials, including Chicago Fed President Austan Goolsbee.

Meanwhile, oil prices held steady on Thursday after climbing to nearly a one-week high in the previous session after an industry report indicated a buildup in U.S. crude stockpiles.

On Wednesday, the S&P/TSX Composite index .GSPTSE shed 0.09%, or 22.68 points, closing at 25,626.16.

In corporate developments, Canadian oil and gas giant Cenovus Energy CVE.TO reported a decline in fourth-quarter profits, while Canadian miner Teck Resources TECKb.TO exceeded analysts' expectations for profit in the same period.

Top potash producer Nutrien NTR.TO fell short of Wall Street's forecasts for its fourth-quarter earnings, while Manulife Financial MFC.TO saw a 6% increase in quarterly profit.

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