Oct 8 (Reuters) - Futures linked to Canada's
resource-heavy main stock index rose marginally on Wednesday,
lifted by strengthening metals and oil prices.
December futures on the S&P/TSX index were up 0.2%
at 5:26 a.m. ET (0926 GMT).
Gold continued its ascent, shattering the
$4,000-per-ounce threshold for the first time, as investors
piled into the safe haven to seek cover from mounting
geopolitical uncertainty.
Meanwhile, copper prices inched upward as market
participants remained concerned about potential supply
disruptions.
Oil prices also showed resilience, gaining
about 1%, as traders looked past oversupply worries following
OPEC+'s recent decision to limit production increases.
The positive momentum for futures comes after Tuesday's
pullback in the benchmark index, which saw declines
across sectors.
The dip interrupted a seven-day winning streak that had
produced several record highs for the index, as investors paused
to evaluate recent gains.
Market attention was also fixed on Tuesday's meeting between
U.S. President Donald Trump and Canadian Prime Minister Mark
Carney.
During the talks, Trump offered assurances of fair treatment
regarding painful U.S. tariffs on Canadian goods, though he
appeared less committed to the trilateral trade agreement that
includes Mexico.
Carney made his second White House visit in just five
months, as he is under mounting pressure to address U.S. tariffs
affecting Canadian steel, automotive and other industries.
On the corporate front, Lithium Americas ( LAC ) saw its
U.S.-listed shares climb 5% following news that the U.S.
Department of Energy had agreed to defer a $184 million debt
service obligation.
Investors now await the U.S. Federal Reserve's September
meeting minutes, due at 2 p.m. ET.
Additionally, this week's Canadian employment report will
also be monitored for important insights into the country's
economic health.
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