CANADA STOCKS-TSX futures rise as Trump extends EU tariff deadline

May 26 (Reuters) - Futures for Canada's main stock index rose on Monday after U.S. President Donald Trump extended the deadline for trade talks with the European Union, giving a temporary respite to investor concerns over his erratic trade policies.

June futures on the S&P/TSX index SXFcv1 were up 0.8% at 6:34 a.m. ET (1034 GMT).

Trump backed away from his threat to impose 50% tariffs on imports from the European Union to July 9, after recommending the levy from June 1, to allow for talks between Washington and the 27-nation bloc to produce a deal.

The sweeping tariffs imposed by Trump since April 2 and the subsequent pauses on some of them have generated uncertainty among investors and companies globally.

Global market sentiment had steadied after Washington's fresh deal with the UK and a temporary agreement with China, but Trump's latest move was a reminder that the tariff storm isn't over.

On the data front is Statistics Canada's first-quarter GDP data on May 30, ahead of the central bank's interest rate decision next week.

In commodities, gold prices fell following Trump's delay on EU tariffs, while oil prices and prices of metals in London rose.

Canada's main stock index edged higher on Friday as gold mining shares rallied, but the move was limited as trade tensions resurfaced and investors worried about the recent upward move in long-term borrowing costs.

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