July 17 (Reuters) - Futures for Canada's benchmark index
were subdued on Thursday with investors looking for trade
updates and assessing corporate news.
Futures on the S&P/TSX index .SXFcv1 were unchanged at
1,615.80 points by 06:15 a.m. ET (1015 GMT).
Prime Minister Mark Carney said on Wednesday that steel
tariff quotas will be introduced for countries with which Canada
has free trade agreements, excluding the U.S., in a bid to
protect the domestic steel industry.
The move follows U.S. President Donald Trump increasing
import duties on steel and aluminum to 50% from 25% earlier this
month. But existing arrangements with the United
States-Mexico-Canada Agreement will be upheld.
Investors are monitoring tariff updates with the August 1
deadline quickly approaching. Japan held talks with U.S.
Commerce Secretary Howard Lutnick on Thursday and Europe Union's
trade chief headed to Washington on Wednesday.
In corporate news, Circle K-operator Alimentation
Couche-Tard ( ANCTF ) pulled its $46 billion bid to buy
7-Eleven's parent company Seven & i Holdings ( SVNDF ), saying
the Japanese retailer did not engage constructively on the deal
that would have created a global convenience store giant.
Gold prices edged down on a firmer U.S. dollar while
copper prices slid with tariffs in focus. Oil prices
inched up.
TSX ended higher on Wednesday, boosted by technology and
financial shares with investors shrugging off increased
uncertainty about the Federal Reserve's leadership.
U.S. economic data expected later in the day, including
weekly jobless figures and June retail sales, will be
scrutinized for insight on how the economy is holding up under a
shifting tariff and trade policy.
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