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CANADA STOCKS-TSX futures flat ahead of Canada GDP data
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CANADA STOCKS-TSX futures flat ahead of Canada GDP data
May 30, 2025 4:19 AM

May 30 (Reuters) - Futures for Canada's main stock index

were subdued on Friday ahead of domestic GDP data, as investors

assessed a U.S. appeals court's decision to undo a prior ruling

that had blocked most of President Donald Trump's tariffs.

June futures on the S&P/TSX index were up 0.07% at

6:16 a.m. ET (1016 GMT).

On Thursday, a U.S. federal appeals court temporarily

reinstated Trump's tariffs, a day after a trade court ruled he

had exceeded his authority, to consider the government's appeal.

On Friday, focus will be on Canada's March as well as

first-quarter gross domestic product figures that are scheduled

at 08:30 a.m. ET. The data could reveal how the U.S. tariff

policy shifts have affected the economy and how they may

influence the Bank of Canada's interest rate decision next week.

Traders widely expect the central bank to stay put on

interest rates.

This month, investor optimism rose with the easing of the

global trade war after a limited trade deal between Washington

and UK, and a U.S.-China trade truce.

The TSX has gained 5.5% so far in May and was set for its

best month in six.

Investors also assessed hotter-than-expected domestic core

inflation data and corporate earnings from Canada's biggest

banks.

In commodities, gold and industrial metals prices fell,

while oil prices were on track for a second consecutive weekly

decline.

Canada's main stock index edged lower on Thursday, as mixed

bank earnings weighed on financials.

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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