financetom
World
financetom
/
World
/
CANADA STOCKS-TSX futures rise after Monday's selloff
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX futures rise after Monday's selloff
Mar 11, 2025 5:23 AM

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 ).

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

($1 = 1.4412 Canadian dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CANADA-CRUDE-Heavy oil discount narrows as TMX starts operating
CANADA-CRUDE-Heavy oil discount narrows as TMX starts operating
May 1, 2024
May 1 (Reuters) - The discount on Western Canada Select (WCS) heavy crude versus the North American benchmark West Texas Intermediate (WTI) tightened on Wednesday, as commercial operations got underway on the long-anticipated Trans Mountain pipeline expansion (TMX): * WCS for May delivery in Hardisty, Alberta, traded at $11.75 a barrel below WTI, according to brokerage CalRock, after closing at...
MORNING BID ASIA-Powell sparks stock volatility, yen soars
MORNING BID ASIA-Powell sparks stock volatility, yen soars
May 1, 2024
May 2 (Reuters) - A look at the day ahead in Asian markets. Asia gets back up toward full speed on Thursday after many markets were closed for the May Day holiday, with the U.S. Fed's guidance, a surging yen and manufacturing PMIs from across the continent all serving as potential market sign posts. Asia's economic calendar is jam-packed on...
Morning Bid: Powell sparks stock volatility, yen soars
Morning Bid: Powell sparks stock volatility, yen soars
May 1, 2024
(Reuters) - A look at the day ahead in Asian markets. Asia gets back up toward full speed on Thursday after many markets were closed for the May Day holiday, with the U.S. Fed's guidance, a surging yen and manufacturing PMIs from across the continent all serving as potential market sign posts. Asia's economic calendar is jam-packed on Thursday, with...
MORNING BID EUROPE-Intervene, rinse, repeat
MORNING BID EUROPE-Intervene, rinse, repeat
May 1, 2024
A look at the day ahead in European and global markets from Tom Westbrook Sudden yen rallies and a 5.5 trillion yen ripple in Japan's money markets seem to put us in the midst of another round of intervention. The latest yen surge came in the thin morning of the Asia day, an hour after daybreak in Wellington. Like Monday,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved