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CANADA STOCKS-TSX futures fall after new Trump tariffs; Fed policy meet in focus
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CANADA STOCKS-TSX futures fall after new Trump tariffs; Fed policy meet in focus
May 26, 2025 12:59 AM

May 5 (Reuters) - Futures tied to Canada's main stock

index fell on Monday, mirroring Wall Street's losses after U.S.

President Donald Trump reignited new tariff concerns, while

investors awaited the Federal Reserve's monetary policy decision

this week.

June futures on the S&P/TSX index were down 0.4%

at 6:20 a.m. ET (1020 GMT).

Trump announced on Sunday a 100% tariff on movies produced

outside the U.S., saying the American film industry was dying a

"very fast death" due to the incentives offered by other

countries to lure filmmakers.

Shares of U.S. film and television production firms were

down before the bell.

While the U.S. and China's talks provided a brief respite on

Friday, after Beijing said it was considering Washington's offer

to discuss Trump's 145% tariffs, the uncertainty around the

outcome continues to loom over the markets.

Separately, Prime Minister Mark Carney said on Friday he

will be in Washington on Tuesday for what he expects to be

"difficult but constructive" talks with Trump.

Investors will also focus on the Fed's meeting, where the

rates are expected to be kept steady.

Among commodities, gold prices rose more than 1% on Monday,

helped by a weaker dollar.

Oil prices dropped more than 2% after OPEC+ decided over the

weekend to further speed up oil output hikes, raising concerns

about excess supply amid uncertain demand outlook.

The Toronto Stock Exchange on Friday rose to a one-month

high, led by gains in industrial shares, as

stronger-than-expected U.S. jobs data eased investor concerns

about a recession.

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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