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CANADA STOCKS-TSX futures inch higher, with Trump's inauguration in spotlight
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CANADA STOCKS-TSX futures inch higher, with Trump's inauguration in spotlight
Jan 20, 2025 4:15 AM

Jan 20 (Reuters) - Futures tied to Canada's main stock

index edged up on Monday as investors around the globe remained

fixated on Donald Trump's inauguration as U.S. president.

March futures on the S&P/TSX index were up 0.15% at

6.35 a.m. ET (1135 GMT).

U.S. stock markets were closed for Martin Luther King Jr.

Day, which is expected to keep trading volumes thinner than

usual throughout.

Donald Trump will be sworn in as U.S. president at 12:00

p.m. ET in a highly-watched global event, with particular focus

on the swamp of executive actions concerning immigration, energy

and tariffs that he has pledged to sign on day one.

Domestic investors will seek further clarity over his

proposed measure of imposing a 25% tariff on imports from

Canada, a key trading ally that sends a majority of exports

across the border.

Investors believe Trump's protectionist measures could boost

U.S. economic growth but likely stoke inflation, which could

hinder the Federal Reserve's path to lowering interest rates.

In commodities, oil prices eased as traders awaited Trump's

inauguration to get some clarity on his policy agenda, including

plans to end the Russia-Ukraine war.

Gold prices firmed, supported by a weaker U.S. dollar, while

copper prices declined due to uncertainty over potential tariffs

under the Trump administration.

The composite index ended higher on hopes that the

incoming administration's policies may boost corporate profits.

Meanwhile, Canada's key inflation figures for December will

be a much-awaited economic indicator among a host of data

expected later in the week.

In corporate news, eyecare provider Kits Eyecare ( KTYCF )

reported a 42% growth in its fourth-quarter revenue, which also

surpassed analysts' expectations.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

($1 = 1.4467 Canadian dollars)

(Reporting by Nikhil Sharma; Editing by Varun H K)

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