Feb 18 (Reuters) - In a holiday-shortened week, futures
linked to Canada's main stock index edged higher on Tuesday as
investors prepared for key economic data releases later in the
day.
March futures on the S&P/TSX index rose by 0.22% at
6:23 a.m. ET (11:23 GMT).
Market participants anticipate the release of Canadian
consumer price data for January at 08:30 a.m. ET.
Minutes from the U.S. Federal Reserve's January meeting,
where interest rates were maintained at 4.25% to 4.5%, are
expected on Wednesday.
Oil prices extended their gains from the
previous session following a drone attack on an oil pipeline
pumping station in Russia, which curtailed flows from
Kazakhstan.
In Riyadh, U.S. and Russian officials engaged in the
highest-level discussions to date between the two former Cold
War rivals, focusing on ending the conflict in Ukraine.
A resolution to the conflict is anticipated to ease
sanctions on Russia, potentially leading to a decrease in global
crude prices.
Meanwhile, the threat of tariffs somewhat receded as global
attention shifted to the developments in the Ukraine conflict
involving U.S. President Donald Trump and his Russian
counterpart, Vladimir Putin.
Earlier this month, Trump initiated a trade conflict by
imposing tariffs on Mexico and Canada. He later paused them but
maintained duties on Chinese goods.
Gold prices continued their upward momentum, driven
by persistent demand for safe-haven assets.
The S&P/TSX composite index on Friday fell 215.28
points, or 0.8%, to 25,483.23.
In corporate news, a Bombardier CRJ900 operated by
Delta Air Lines ( DAL ) overturned upon landing at Toronto
Pearson Airport on Monday amid windy conditions following a
snowstorm, resulting in injuries to 18 of the 80 passengers.
Furthermore, data revealed that foreign investors purchased
a net C$14.37 billion ($10.13 billion) in Canadian securities in
December.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory