CANADA STOCKS-TSX futures rise; new US tariff proposals in focus

July 8 (Reuters) - Futures tied to Canada's benchmark index edged higher on Tuesday, while investors assessed U.S. President Donald Trump's new tariff proposals for several trading partners and a new deadline for trade deals.

Futures on the S&P/TSX index .SXFcv1 rose 0.2% by 06:34 a.m. ET (1034 GMT).

Trump on Monday sent letters to 14 nations, including Japan and South Korea, threatening sharply higher tariffs on U.S. imports, while also postponing their implementation to August 1.

He added that the deadline was not 100% firm and he would consider extensions if countries made proposals.

Countries have been under pressure to seal deals with the U.S. after Trump launched a global trade war in April, which rattled financial markets and prompted policymakers to protect their economies.

Canada, which recently canceled a digital service tax on U.S. technology companies to preserve trade talks with Trump, aims to reach an agreement by July 21.

Gold XAU= and oil prices LCOc1, CLc1 eased on Tuesday. GOL/ O/R

Canada's finance minister has asked all ministries to find savings, assess spending on programs, cut down on work duplication and look to reallocate funds from other programs to priority projects, a government official said on Monday.

Aura Minerals ORA.TO said it is preparing to list its shares on Nasdaq, in a move that could fetch the Canadian gold and copper miner a valuation of $2.14 billion.

Toronto's commodity-heavy S&P/TSX composite index .GSPTSE closed lower on Monday, tracking U.S. markets, sparking trade jitters among Canadian investors.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report .TO

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA