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CANADA STOCKS-TSX futures slip as Canada goes into election, US trade talk confusion lingers

ReutersApr 28, 2025 11:30 AM

- Futures for Canada's main stock index were marginally lower on Monday, with investors staying on the sidelines as the country headed into a general election in the backdrop of U.S. President Donald Trump's trade war.

June futures on the S&P/TSX index SXFcv1 were down 0.13% at 6.30 a.m. ET (1030 GMT).

Canadians go to the polls on Monday after an election campaign in which U.S. President Donald Trump's tariffs and musings about annexing Canada became the central issue.

Prime Minister Mark Carney and Conservative leader Pierre Poilievre wrapped up their campaigns on Sunday. Carney's Liberal Party held a narrow lead in popular support ahead of the final voting, according to pollsters.

Election results will trickle in, starting in eastern provinces, after polls close at staggered times on Monday evening. Ballots are counted by hand.

Meanwhile, competing claims on the state of negotiations from Beijing and U.S. highlighted the uncertainties investors face while navigating Trump's disruption of world trade.

Canada's main stock index edged lower on Friday but still posted a weekly gain, as investors pinned their hopes on easing trade tensions and weighed bets to take advantage of potential moves ahead of the Canadian general election.

On Monday, Canada's heavyweight energy companies might get support from rising oil prices.

Metal prices were mixed in London.

Gold prices fell more than 1%, as the dollar held firm and hopes for de-escalation in U.S.-China trade tensions dented appetite for safe-haven assets.

In corporate news, Propel Holdings PRL.TO announced that it has increased its existing credit facility for CreditFresh from $70 million to $400 million.

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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