financetom
World
financetom
/
World
/
CANADA STOCKS-TSX futures subdued after Trump's latest tariff comments
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX futures subdued after Trump's latest tariff comments
Jan 24, 2025 4:30 AM

Jan 24 (Reuters) - Futures for Canada's main stock index

were flat on Friday, after eight successive sessions of gains

for the index, as investors refrained from big bets amid

uncertainty over U.S. President Donald Trump's latest tariff

threats.

March futures on the S&P/TSX index were down 0.03%

at 6.12 a.m. ET (1112 GMT).

In a video address to the World Economic Forum on Thursday,

Trump criticized traditional U.S. allies Canada and the European

Union, threatening them again with new tariffs, while expressing

dissatisfaction about their trade surpluses with the United

States.

Earlier this week, Trump said he was thinking about imposing

25% duties on imports from Canada and Mexico on Feb. 1.

Global markets were slightly relieved when Trump in a

separate interview said he could reach a trade deal with China.

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

ended 0.5% higher on Thursday, buoyed by hopes of a

business-friendly U.S. government.

In commodities, gold prices touched near three-month

highs on Friday as Trump's calls to lower interest rates and a

lack of clarity on tariffs weighed on the dollar.

Oil prices, remained well below $80 a barrel,

after Trump said he would ask Saudi Arabia and OPEC to bring

down the prices.

In corporate news, TD Bank said on Thursday that

Chief Global Anti-Money Laundering Officer Herbert Mazariegos is

stepping down immediately, as the bank takes remediation actions

after it was fined by U.S. regulators for compliance failures.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
MORNING BID EUROPE-'Trump trades' in full swing
MORNING BID EUROPE-'Trump trades' in full swing
Nov 6, 2024
A look at the day ahead in European and global markets from Wayne Cole. It's been a wild ride in markets with the dollar and Wall Street futures surging while Treasuries took a beating as early results in the presidential election favoured Republican Donald Trump. Several key battleground states were still to be called, but betting sites heavily favoured Trump...
Morning Bid: 'Trump trades' in full swing
Morning Bid: 'Trump trades' in full swing
Nov 6, 2024
A look at the day ahead in European and global markets from Wayne Cole. It's been a wild ride in markets with the dollar and Wall Street futures surging while Treasuries took a beating as early results in the presidential election favoured Republican Donald Trump. Several key battleground states were still to be called, but betting sites heavily favoured Trump...
China's markets drop as Trump presidency looms
China's markets drop as Trump presidency looms
Nov 6, 2024
* China investors expect heavy tariff, tech tensions under Trump * Onshore yuan set for steepest daily fall since June 2023 * HK stocks fall more, with technology firms at the fore (Updates prices) By Summer Zhen and Jiaxing Li HONG KONG/SHANGHAI, Nov 6 (Reuters) - China's yuan and stock markets fell sharply on Wednesday as the prospect of another...
S&P 500 futures soar to record high after Trump claims victory
S&P 500 futures soar to record high after Trump claims victory
Nov 6, 2024
(Reuters) - S&P 500 futures touched a record high in sharp and broad-based rally on Wednesday after Republican Donald Trump claimed victory in the U.S. presidential election. Fox News projected that he had defeated Democrat candidate Kamala Harris although other news outlets are yet to call the race for Trump. As election results started to trickle in, so-called Trump trades...
Copyright 2023-2025 - www.financetom.com All Rights Reserved