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CANADA STOCKS-Gold, oil lift TSX futures as focus shifts to trade deals
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CANADA STOCKS-Gold, oil lift TSX futures as focus shifts to trade deals
Jul 29, 2025 4:38 AM

July 29 (Reuters) - Futures tied to Canada's main stock

index rose on Tuesday, tracking gains in gold and energy prices,

while investors assessed corporate earnings and awaited trade

deals with the U.S. ahead of the August 1 tariff deadline.

Futures on the S&P/TSX index were up 0.5% at

1,638.50 points by 06:18 a.m. ET (1018 GMT). The benchmark

closed lower on Monday.

A much-anticipated European Union-U.S. trade agreement was

announced on Sunday. However, the initial relief over Europe's

15% levy on exports to the U.S. quickly soured when set against

the 1% to 2% that stood before U.S. President Donald Trump took

office.

Gold and oil prices edged up as initial euphoria over the

U.S.-EU trade truce faded, while copper prices slipped on

Tuesday.

Trump also flagged a "world tariff" rate of 15% to 20% on

Monday, for countries that were not negotiating a deal, among

the highest rates since the Great Depression of the 1930s.

Also on Monday, Prime Minister Mark Carney said Canada-U.S.

trade talks were in an intense phase and reiterated that an

agreement without any tariffs at all was unlikely.

In corporate news, Canadian retailer George Weston

reported second-quarter revenue above estimates and announced a

stock split.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

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