CANADA STOCKS-TSX futures dip as commodities fall, trade worries linger

April 25 (Reuters) - Futures for Canada's main stock index dipped on Friday as commodity prices fell and investors weighed mixed U.S.-China trade signals despite Beijing showing possible flexibility.

June futures on the S&P/TSX index SXFcv1 were down 0.30% at 7.37 a.m. ET (1137 GMT).

U.S. President Donald Trump said his administration is talking with China to strike a tariff deal and that Chinese President Xi Jinping has called him, according to a Time magazine interview published on Friday as Beijing continues to dispute U.S. characterization of talks.

Trump further stated in the interview that he would consider it a victory if the United States maintained 50% tariffs on foreign imports a year from now.

TSX futures extended losses as Trump's comments offset some optimism after China granted some U.S. imports exemptions from its hefty 125% tariffs, according to businesses notified.

In commodities, gold prices lost more than 1% on Friday.

Copper prices eased on a stronger dollar and uncertainty about demand.

Oil prices also fell and were set for a weekly decline of over 2% on the back of oversupply concerns.

On Thursday, Canada's main stock index came within a whisker of erasing its losses since the start of the year, as investors weighed prospects of U.S. trade deals.

The index is also poised to secure its third straight week of gains.

Later in the day, the release of February's domestic retail sales data is expected to provide insights into consumer spending pattern amid the uncertainty around U.S. tariffs.

Meanwhile Canada stands to elect a more business-friendly government in Monday's vote, though analysts expect increased deficit spending may follow given the country's trade-dependent economy.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA