March 11 (Reuters) - Futures tied to Canada's main stock
index rose on Tuesday, as investors took a pause after worries
around a trade war with the U.S. sent the TSX to a four-month
low in the previous session.
March futures on the S&P/TSX index were up 0.4%
at 6:54 a.m. ET (1054 GMT).
Canada's benchmark index was dragged by declines for
technology and metal mining shares on Monday, as it joined a
global market selloff led by a 4% slump in Wall Street's
tech-heavy Nasdaq.
On Tuesday, investors in most markets, including in the
U.S.
and
Europe
, took a breather.
U.S. President Donald Trump's ever-evolving levies on key
trade partners such as Canada and Mexico have triggered risks of
recession for all three North American countries.
In commodities, oil prices pared earlier losses to rise
during trade, helped by weakness in the U.S. dollar. But gains
were capped as concerns mounted over a potential U.S. recession
and the impact of tariffs on global economic growth.
Gold prices rose, supported by safe-haven flows, while
attention was on U.S. inflation data.
All eyes are on the Bank of Canada's monetary policy
decision on Wednesday, with traders expecting the central bank
to provide additional support to the Canadian economy by cutting
interest rates by 25 basis points.
In corporate news, Canada's Alimentation Couche-Tard ( ANCTF )
said it is confident there is a "clear path" to
overcome U.S. regulatory hurdles in its proposed $47 billion
acquisition of Japan's Seven & i ( SVNDF ).
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($1 = 1.4412 Canadian dollars)