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CANADA STOCKS-TSX futures inch up as US-Canada trade talks revived

ReutersJun 30, 2025 11:15 AM

- Futures for Canada's main stock index edged higher on Monday as the revival of trade talks between Washington and Ottawa improved market sentiment.

Futures on the S&P/TSX index .SXFcv1 were up 0.1% at 06:54 a.m. ET (1054 GMT).

Canada scrapped its digital services tax targeting U.S. technology firms late on Sunday, just hours before it was due to take effect, in a bid to restart stalled trade negotiations with the U.S.

Canada's finance ministry said that Prime Minister Mark Carney and U.S. President Donald Trump will resume trade negotiations to agree to a deal by July 21.

Trump abruptly called off trade talks on Friday over the tax targeting U.S. technology firms, saying that it was a "blatant attack."

Toronto's commodity-heavy S&P/TSX composite index .GSPTSE pulled back on Friday from a record high as data showed the domestic economy contracting and after Trump shattered optimism that U.S. would reach a tariff deal with Canada.

Gold XAU= firmed on Monday, while oil prices LCOc1, CLc1 nudged lower. O/R GOL/

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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