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CANADA STOCKS-TSX futures edge up as Trump hints at auto tariff exemptions

ReutersApr 15, 2025 10:54 AM

- Futures for Canada's main stock index edged higher on Tuesday, buoyed by U.S. President Donald Trump's hints of possible automotive tariff exemptions.

June futures on the S&P/TSX index SXFcv1 were up 0.18% at 6.41 a.m. ET (1041 GMT).

Trump on Monday suggested potential exemptions for the 25% tariffs on imports of autos and auto parts from Mexico, Canada and other regions.

Separately, investors will be monitoring domestic consumer inflation data, due at 0830 ET, that could offer more clarity on the Bank of Canada's interest rate stance.

Growing recession risks to Canada from the U.S.-led trade war will push the central bank to cut interest rates at least twice more this year, a majority of economists polled by Reuters said, but they expect policymakers to leave the benchmark rate unchanged at 2.75% at Wednesday's meeting.

Among commodities, gold prices rose on Tuesday, as investors turned to the safe-haven asset amid ongoing U.S. tariff uncertainties.

Oil prices were largely stable after new tariff exemptions and rebounding Chinese oil imports were offset by the IEA following OPEC in reducing its oil demand forecast.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose on Monday to an 11-day high as investors grew doubtful that hefty U.S. tariffs would be implemented at the scale first proposed.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA

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