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.
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