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CANADA STOCKS-TSX futures rise on oil gains, but traders brace for Trump presidency
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CANADA STOCKS-TSX futures rise on oil gains, but traders brace for Trump presidency
Jan 17, 2025 4:16 AM

Jan 17 (Reuters) - Futures for Canada's main stock index

rose on Friday as oil prices increased, while investors await

next week's domestic economic data and policy changes from U.S.

President-elect Donald Trump after he takes office.

March futures on the S&P/TSX index were up 0.28%

at 6.36 a.m. ET (1136 GMT).

Energy stocks rose as oil prices headed for a

fourth consecutive week of gains, as the latest U.S. sanctions

on Russian energy trade threatens supply disruptions.

Primary focus, however, was on the policy outlook under

Trump, who is set to take office on Monday.

Trump's threats of a 25% tariff on Canadian imports have

unnerved investors, as Canada sends 75% of its exports to the

U.S.

The Toronto Stock Exchange's S&P/TSX composite index

ended at a one-week high on Thursday as investors

cheered U.S. bank earnings and a drop in long-term borrowing

costs.

Canadian stocks are set for slight weekly gains after

declining over 1% in the previous week.

Gold prices declined on Friday, but were set for a

third consecutive week of gains.

Investors will also look to next week's domestic inflation

data for further clarity on the Bank of Canada's policy rate

path. The central bank is expected to cut rates by 25 basis

points at its Jan. 29 meeting, a Reuters poll of economists

showed.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

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