(Updates with morning prices)

By Twesha Dikshit and Sukriti Gupta

July 10 -

Canada's main stock index edged higher on Thursday as

investors assessed latest U.S. tariff threats and awaited signs

of progress on trade talks.

The commodity-heavy S&P/TSX index rose 0.1% at

27,010.05 points.

"The economy is a little bit stronger than many have

thought, but I think with all these uncertainties and headwinds

of tariffs, etc. it's weakening," said Steve Palmer, president

and chief investment officer at AlphaNorth Asset Management.

"The markets are at all-time highs and that doesn't really

make much sense to me given the macro factors."

Consumer discretionary stocks rose 0.6%, helped

by a 1.6% rise in autoparts manufacturer Magna International's ( MGA )

shares.

Industrial stocks gained 0.7% as Air Canada ( ACDVF )

rose 4.4%.

Conversely, technology stocks fell 0.6%.

Electronics firm Celestica ( CLS ) was down 4.4%, while

software company Lightspeed Commerce ( LSPD ) declined 2.8%.

Energy shares lost 0.7%, tracking a fall in

oil prices. Baytex Energy ( BTE ) was down 1.5%.

Mining shares were down 0.3%, with G Mining ( GMINF )

and Lundin Gold ( LUGDF ) down more than 2% each.

Canada is finishing up a free trade agreement with Southeast

Asian nations in an attempt to expand into new markets.

U.S. President Donald Trump on Wednesday announced a new 50%

tariff on copper starting August 1 and threatened to slap 50%

levies on exports from Brazil. He also issued new tariff letters

to seven minor trading partners.

Canada, which aims to reach a trade deal with Washington by

July 21, could impose counter-duties on the U.S. if no agreement

is reached.

Among individual stocks, uranium producer Energy Fuels

jumped 13.3% to the top of the benchmark index.

In company news, Canada Goose's private equity

backer, Bain Capital, is considering a sale of its stake in the

luxury brand, Bloomberg News reported.

Investors will also closely assess Friday's Canadian jobs

data to gauge how the economy is holding up under tariff-related

pressures.