CANADA STOCKS-TSX futures dip as tariff threats weigh on sentiment

July 14 (Reuters) - Futures linked to Canada's main stock index fell on Monday, with the latest threat of U.S. tariffs lowering investor risk appetite.

Futures on the S&P/TSX index .SXFcv1 were down 0.1% by 06:05 a.m. ET (1005 GMT).

U.S. President Donald Trump on Saturday announced a 30% tariff on most imports from the EU and Mexico starting August 1, despite ongoing trade negotiations.

Trump had issued a letter late on Thursday implementing a 35% tariff rate on Canada, adding that the rate would go up if Canada retaliated.

Exclusion for goods covered by the United States-Mexico-Canada Agreement (USMCA) on trade are expected to stay, while the 10% tariffs on energy and fertilizer are also not set to change.

The letter had complained about the flow of fentanyl from Canada and that the country's tariff and non-tariff trade barriers hurt U.S. dairy farmers. Trump also referred to the trade deficit with Canada as a threat to U.S. economy and national security.

Gold XAU= prices gained to a three-week high on safe-haven demand, while silver XAG= hit a more than 13-year peak. Oil prices CLc1, LCOc1 rose to a three-week high. O/R GOL/ MET/L

Toronto's benchmark S&P/TSX composite index .GSPTSE ended last week barely changed, after dropping on Friday with the proposed tariffs on Canadian goods weighing on sentiment and domestic jobs data clipping expectations of a Central Bank rate cut.

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