Feb 10 (Reuters) - Futures for Canada's main stock index

jumped on Monday, due to higher gold prices after U.S. President

Donald Trump's latest tariff threats as well as a rebound in oil

prices.

March futures on the S&P/TSX index were up 0.87% at

6:22 a.m. ET (1122 GMT).

Among commodities, gold prices gained more than 1%,

as the latest tariff plans fueled demand for the safe-haven

metal.

Oil prices also ticked higher, rebounding

after declines last week.

Trump on Sunday said he will introduce a 25% tariff on all

steel and aluminum imports into the U.S, starting from Monday.

Canada, Brazil and Mexico are the largest sources of U.S.

steel imports, according to U.S. government and American Iron

and Steel Institute data.

Canada is also the top supplier of primary aluminum to the

U.S., contributing 79% of total imports in the first 11 months

of 2024.

Trump on Sunday also said he will announce reciprocal

tariffs on Tuesday or Wednesday, to take effect almost

immediately, applying them to all countries and matching the

tariff rates levied by each country.

On Friday, the Toronto Stock Exchange's S&P/TSX composite

index ended lower as the risk of a wider trade war

spooked investors and after stronger-than-expected jobs data

tempered expectations of Bank of Canada interest rate cuts.

Looking ahead, U.S. Federal Reserve Chair Jerome Powell is

due to testify before Congress on Tuesday and Wednesday, and

U.S. inflation data for January is due on Wednesday.

In corporate news, global investment firm Brookfield

confirmed it will invest 20 billion euros to develop artificial

intelligence-related projects in France.

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