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CANADA STOCKS-TSX futures edge higher; investors await US trade updates

ReutersJul 2, 2025 10:21 AM
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- Futures tied to Canada's main stock index rose on Wednesday, while investors assessed the prospects for trade deals ahead of U.S. President Donald Trump's July 9 tariff deadline.

Futures on the S&P/TSX index .SXFcv1 were up 0.2% at 06:10 a.m. ET (1010 GMT).

Trump said on Tuesday he was not considering extending the deadline for countries to negotiate trade deals with the U.S.

He expressed optimism about a potential trade deal with India but was skeptical about reaching a similar agreement with Japan.

Toronto's commodity-heavy S&P/TSX composite index .GSPTSE rose to a record high on Monday as the resumption of trade talks between Canada and the U.S. cheered investors. Canadian stock markets were closed on Tuesday for Canada Day.

White House economic adviser Kevin Hassett said on Monday that the U.S. will resume trade negotiations with Canada immediately. The move follows Ottawa scrapping its digital services tax targeting U.S. technology firms.

Canada sends about 75% of its exports to the U.S., including autos, steel and aluminum, which have been hit by hefty U.S. duties.

In the U.S., Senate Republicans passed Trump's massive tax-and-spending bill on Tuesday by the narrowest of margins. The legislation now heads to the House of Representatives for possible final approval.

Gold XAU= prices inched down, while oil prices LCOc1, CLc1 edged higher. 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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