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CANADA STOCKS-TSX futures flat after six-day rally on trade optimism

ReutersMay 14, 2025 10:59 AM

- Futures for Canada's main stock index were subdued on Wednesday after a strong rally, fueled by easing global trade tensions and soft U.S. inflation data, as investors look forward to further developments in trade deals.

June futures on the S&P/TSX index .SXFcv1 were down 0.08% at 6:24 a.m. ET (1024 GMT).

Canada's main stock index rose on Tuesday for a sixth straight session, as cooler-than-expected U.S. inflation data fueled positive investor sentiment amid the easing of trade tensions.

Washington and Beijing agreed over the weekend to dial back stringent reciprocal tariffs, signaling a joint effort to stave off a global economic slowdown.

Additionally, a 90-day pause announced on April 9 for countries other than China, along with solid earnings reports and a limited U.S.-UK trade agreement last week, helped the index regain its lost ground.

Investors are also eagerly looking for updates on trade deals during U.S. President Donald Trump's four-day visit to the Gulf region, while he began a meeting with Syria's president in Saudi Arabia on Wednesday.

In commodities, gold prices fell as the U.S.-China trade truce dimmed safe-haven appeal, while oil prices also slipped.

However, prices of most base metals in London climbed on Wednesday.

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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