TSX futures rise as US postpones tariff deadline
Futures on the S&P/TSX index (.SXFcv1), opens new tab rose 0.2% to 06:17 a.m. ET (1017 GMT).
U.S. President Donald Trump said on Sunday that several trade agreements were close to being finalized and other countries would be notified of higher tariff rates by July 9. Higher rates were set to take effect on August 1, a three-week postponement from the previous deadline.
Meanwhile, Canada is considering financially aiding large aluminum producers like Rio Tinto (RIO.L), opens new tab in case Washington's 50% tariff on imports of the metal persist in the medium term, the CEO of a key industry trade group said on Saturday.
Gold prices slipped as the U.S. dollar firmed. Oil , pared losses as a tight physical oil market offset the impact of OPEC+ hiking oil output above expectations. Copper prices fell due to tariff-related uncertainty.
In other news, Prime Minister Mark Carney told the Calgary Herald that a new oil pipeline to the British Columbia coast is very likely to be part of a list of projects considered to be of national importance to Ottawa.
Toronto's commodity-heavy index ended the week extending its record-setting run by closing at an all-time high on Friday, boosted by real estate and consumer staples gains.
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