08:28 AM EDT, 06/30/2025 (MT Newswires) -- US equity futures were higher pre-bell Monday as traders monitored the US-Canada trade situation.

Dow Jones Industrial Average futures were up 0.6%, S&P 500 futures were 0.4% higher, and Nasdaq futures were up 0.6%.

Canada has decided to scrap its Digital Services Tax, which was considered detrimental to big US technology firms, to allow trade negotiations with the US to restart, Canada's Department of Finance said over the weekend.

Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.04% at $66.77 per barrel and US West Texas Intermediate crude down 0.2% at $65.42 per barrel.

The Chicago Purchasing Managers' Index, scheduled for release at 9:45 am ET, is seen coming in at 42.7 for June versus 40.5 in May, according to estimates compiled by Bloomberg.