CANADA STOCKS-TSX futures edge up ahead of economic data; tariffs in focus

March 3 (Reuters) - Futures for Canada's main stock index nudged upward, as investors assessed the impact of the U.S. President's proposed tariffs, and braced for a wave of upcoming economic data.

By 6:32 a.m. ET (1132 GMT), March futures on the S&P/TSX index SXFcv1 had climbed 0.37%.

The S&P/TSX composite index .GSPTSE on Friday ended up 265.21 points, or 1.1%, at 25,393.45, although it was down 0.6% for February.

As the clock ticked towards the deadline for U.S. President Donald Trump's tariffs on Canada, Mexico and China, U.S. Commerce Secretary Howard Lutnick confirmed the tariffs on Canada and Mexico were slated to take effect on Tuesday.

However, President Trump will decide whether to maintain the proposed 25% tariff rate, leaving investors anxious.

In Canada, the oilfield drilling and services sector was already feeling the tremors of the tariff threats, with signs of deceleration sparking concerns that the much-anticipated industry recovery might falter if these levies were enacted.

On the economic horizon, investor focus will be on the U.S. Institute for Supply Management's (ISM) survey, due at 10 a.m. ET. Services activity data along with at least three employment reports are also lined up through the week.

The Canadian PMI manufacturing figures for February was to be released at 09:30 ET, while employment data for the same period will be unveiled later in the week.

Meanwhile, in commodities, gold prices gained strength after dipping to a three-week low in the previous session, on a weakening dollar and a surge in safe-haven buying spurred by concerns over Trump's tariff strategies. GOL/

Oil prices inched higher, buoyed by robust manufacturing data from China, the world's largest crude importer, which rekindled hope for increased fuel demand. O/R