July 24 (Reuters) - Futures tracking Canada's blue-chip
stocks index edged higher on Friday, after tech and consumer
discretionary shares led the index lower in the previous
session, while tensions in the Middle East remained in focus.
September futures tracking the resource-heavy S&P/TSX
Composite index were up 0.3% at 6:30 a.m. ET, suggesting
a possible reversal to Thursday's losses. The TSX is on track
for marginal weekly losses.
Here are some details:
* Oil prices slipped, but were still on track for weekly
gains over concerns about disrupted energy flows in the Red Sea
and fears of further escalation in the U.S.-Israeli war on Iran.
* Brent crude futures fell 2.7%, while West Texas
Intermediate crude slipped 2.4%.
* Gold prices edged up marginally as inflation concerns
strengthened the case for higher interest rates ahead of a
Federal Reserve policy meeting next week. Spot gold was
up 0.2%, while silver was up 1.2%
* Separately, the U.S. imposed new tariffs of 10% and 12.5%
on goods from 60 trading partners, including the EU and China,
alleging those countries failed to curb imports made by forced
labor, just as a temporary 10% global tariff expired.
* Earlier in the week, Trump had imposed a 50% tariff on a
range of Canadian imports. However, the U.S. is aiming for
interim trade deals with Canada and Mexico by the end of 2026.
* Dutch engineering consultancy group Arcadis said
it had received a second unsolicited takeover bid from Canadian
peer WSP Global ( WSPOF ), confirming a previous Reuters report.
* Separately, climate technology developer Enervoxa plans
talks with India's Vedanta, Hindalco Industries
and state-run NALCO as it looks to set up a
rare earth processing plant in the nation.
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