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CANADA STOCKS-TSX futures rise after Monday's selloff
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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)

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