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CANADA STOCKS-TSX futures rise with higher commodity prices
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CANADA STOCKS-TSX futures rise with higher commodity prices
Jan 22, 2025 4:42 AM

Jan 22 (Reuters) - Futures for Canada's main stock index

rose on Wednesday as crude and gold prices climbed and investors

took stock of the latest tariff threats from U.S. President

Donald Trump.

March futures on the S&P/TSX index were up 0.2% at

7.00 a.m. ET (1200 GMT).

Gold prices reached an 11-week high, driven by

safe-haven demand amid uncertainty over U.S. trade policies and

a weaker dollar.

Oil prices, edged higher after a more than 2%

drop on Tuesday.

Wall Street futures also advanced on Wednesday as investors

responded positively to Netflix's strong quarterly results and

Trump's significant support for the AI technology sector.

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

gained for the sixth consecutive day on Tuesday, as

optimism about a business-friendly U.S. government offset

concerns about impending trade tariffs.

Trump has vowed to impose tariffs on imports from China,

Mexico, Canada and the European Union on Feb. 1.

Domestic producer price index data, due before the bell on

Wednesday, was also in focus after a softer-than-expected

consumer price figure in the previous day strengthened the bets

for another rate cut by the Bank of Canada.

Markets are now pricing in an 85% probability of a 25

basis-point rate cut at the central bank's meeting on Jan. 29.

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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