May 6 (Reuters) - Futures tied to Canada's main stock
index edged lower on Tuesday, as U.S. President Donald Trump's
fresh tariff threats renewed trade war fears, while investors
awaited the Federal Reserve's monetary policy decision.
June futures on the S&P/TSX index were down 0.1%
at 6:30 a.m. ET (1030 GMT).
Late on Monday, Trump said he plans to announce
pharmaceutical tariffs over the next two weeks, adding to the
levies rhetoric that has unsettled global financial markets and
kept investors on edge in recent months.
This follows Trump's tariffs on foreign-made movies, his
first on services, that were announced on Sunday.
The governors of six U.S. states said on Monday they have
invited Canadian provincial leaders to discuss the impact of the
tariffs while being critical of the measures taken by the U.S.
president.
Separately, Prime Minister Mark Carney said last week he was
expecting "difficult but constructive" talks with Trump on
Tuesday.
The focus will be on the Fed's two-day meeting, scheduled to
start later in the day, with the central bank widely expected to
stay put on interest rates. Investors will closely monitor
policymakers' comments for any hints of potential monetary
policy easing this year.
In commodities, gold prices rose to a two-week high.
Copper prices edged higher, buoyed by signs of U.S.-China
trade talks.
Oil gained more than $1 per barrel on Tuesday.
Canada's main stock index fell on Monday as a drop in oil
prices weighed on energy shares and investors reduced some risk
ahead of the Fed's interest rate decision this week.
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