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CANADA STOCKS-TSX futures rise as Trump extends EU tariff deadline
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CANADA STOCKS-TSX futures rise as Trump extends EU tariff deadline
May 26, 2025 1:50 PM

May 26 (Reuters) - Futures for Canada's main stock index

rose on Monday after U.S. President Donald Trump extended the

deadline for trade talks with the European Union, giving a

temporary respite to investor concerns over his erratic trade

policies.

June futures on the S&P/TSX index were up 0.8% at

6:34 a.m. ET (1034 GMT).

Trump backed away from his threat to impose 50% tariffs on

imports from the European Union to July 9, after recommending

the levy from June 1, to allow for talks between Washington and

the 27-nation bloc to produce a deal.

The sweeping tariffs imposed by Trump since April 2 and the

subsequent pauses on some of them have generated uncertainty

among investors and companies globally.

Global market sentiment had steadied after Washington's

fresh deal with the UK and a temporary agreement with China, but

Trump's latest move was a reminder that the tariff storm isn't

over.

On the data front is Statistics Canada's first-quarter GDP

data on May 30, ahead of the central bank's interest rate

decision next week.

In commodities, gold prices fell following Trump's delay on

EU tariffs, while oil prices and prices of metals in London

rose.

Canada's main stock index edged higher on Friday as gold

mining shares rallied, but the move was limited as trade

tensions resurfaced and investors worried about the recent

upward move in long-term borrowing costs.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

(Reporting by Sanchayaita Roy in Bengaluru; Editing by Varun H

K)

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