July 10 (Reuters) - Futures linked to Canada's main
stock index edged higher on Thursday, with investors dismissing
U.S. tariff threats and awaiting signs of progress on trade
talks.
Futures on Toronto's S&P/TSX index were up 0.2% by
06:25 a.m. ET (1025 GMT).
Canada is seeking to finalise a free trade deal with
Southeast Asian nations as part of an attempt to expand into new
markets, its foreign minister said, as a response to the hefty
tariffs imposed by the U.S.
President Donald Trump on Wednesday announced a new 50%
tariff on copper, set to go into effect on August 1, and
threatened to slap 50% levies on exports from Brazil.
Trump also issued new tariff letters to seven minor trading
partners, adding to the 14 others issued earlier in the week.
Canada, which aims to reach a trade deal with Washington by
July 21, could impose counter-duties on the U.S. if no agreement
is reached.
Gold prices rose on Thursday, supported by a pullback
in the dollar and the prospect of U.S. interest rate cuts later
in the year. Oil prices declined moderately.
In company news, Canada Goose's private equity
backer, Bain Capital, is considering a sale of its stake in the
luxury brand, Bloomberg News reported.
The benchmark S&P/TSX composite index rose on
Wednesday, with the materials group leading a broad-based
advance as gains for U.S. technology shares fed recent investor
exuberance.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report
Canadian dollar and bonds report
Reuters global stocks poll for Canada
Canadian markets directory