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CANADA STOCKS-TSX futures subdued after Trump's latest tariff comments
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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

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