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CANADA STOCKS-TSX futures inch up as commodity prices rise
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CANADA STOCKS-TSX futures inch up as commodity prices rise
Jun 2, 2025 3:59 AM

June 2 (Reuters) - Futures tied to Canada's main stock

index edged higher on Monday despite lingering tariff-led

uncertainty, helped by gains in commodity shares.

The S&P/TSX index futures were up 0.2% at 6:13 am

ET (1013 GMT).

Gold prices rose more than 1% and oil prices rebounded more

than $1 a barrel. Copper prices also gained.

U.S. President Donald Trump said on Friday he planned to

increase tariffs on imported steel and aluminum to 50% from 25%

starting Wednesday.

The levies add to the existing tariffs on steel and aluminum

that Trump imposed when he came to power in January, deepening

the global trade war.

Meanwhile, data showed on Friday that Canada's economy grew

at an annualized rate of 2.2% in the first quarter, beating

estimates of a 1.7% gain.

The spotlight this week will be on the Bank of Canada's

interest rate decision due on Wednesday and the Canadian

employment report, expected Friday.

Comments from U.S. Federal Reserve Chair Jerome Powell will

be on tap later in the day.

Federal Reserve Governor Christopher Waller said on Monday

interest rate cuts remain possible for later this year, even

with the Trump administration's tariffs likely to push up price

pressures temporarily.

Canada's main stock index fell on Friday as energy and metal

mining shares lost ground. The index still posted its biggest

monthly rise since November, helped by easing global trade

tensions.

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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