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CANADA STOCKS-TSX futures tick higher as investors await tariff updates

ReutersJul 9, 2025 10:24 AM

- Futures linked to Canada's main stock index edged higher on Wednesday with investors on the lookout for trade and tariff updates.

Futures on Toronto's S&P/TSX index .SXFcv1 were up 0.1% by 06:03 a.m. ET (1003 GMT).

U.S. President Donald Trump announced steep copper tariffs on Tuesday while threatening levies on semiconductors and pharmaceuticals, broadening his trade war.

Trump has also postponed the deadline for tariff deals to August 1, a date he called final, declaring there would be "no more extensions."

Meanwhile, carmaker Nissan Motor 7201.T halted production of three models for Canada at its Tennessee and Mississippi plants amid mutual tariffs imposed by the U.S. and Canada on auto exports.

Safe haven gold XAU= hit over one-week low on a firmer U.S. dollar. Oil prices CLc1, LCOc1 edged higher after shipping attacks in the Red Sea.

In company news, The Globe and Mail reported that asset manager Blackstone and U.S. equity funds were in talks to buy H&R HR_u.TO assets with an activist investor pressuring the real estate investment trust to sell.

The benchmark S&P/TSX composite index .GSPTSE fell for a second straight day on Tuesday with gold prices weighing on metal shares while investors assessed tariffs on copper imports.

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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