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TSX futures muted with trade updates, corporate news in focus

TSX futures muted with trade updates, corporate news in focus

Reuters17-07-2025
July 17 (Reuters) - Futures for Canada's benchmark index were subdued on Thursday with investors looking for trade updates and assessing corporate news.
Futures on the S&P/TSX index .SXFcv1 were unchanged at 1,615.80 points by 06:15 a.m. ET (1015 GMT).
Prime Minister Mark Carney said on Wednesday that steel tariff quotas will be introduced for countries with which Canada has free trade agreements, excluding the U.S., in a bid to protect the domestic steel industry.
The move follows U.S. President Donald Trump increasing import duties on steel and aluminum to 50% from 25% earlier this month. But existing arrangements with the United States-Mexico-Canada Agreement will be upheld.
Investors are monitoring tariff updates with the August 1 deadline quickly approaching. Japan held talks with U.S. Commerce Secretary Howard Lutnick on Thursday and Europe Union's trade chief headed to Washington on Wednesday.
In corporate news, Circle K-operator Alimentation Couche-Tard (ATD.TO), opens new tab pulled its $46 billion bid to buy 7-Eleven's parent company Seven & i Holdings (3382.T), opens new tab, saying the Japanese retailer did not engage constructively on the deal that would have created a global convenience store giant.
Gold prices edged down on a firmer U.S. dollar while copper prices slid with tariffs in focus. Oil prices , inched up.
TSX ended higher on Wednesday, boosted by technology and financial shares with investors shrugging off increased uncertainty about the Federal Reserve's leadership.
U.S. economic data expected later in the day, including weekly jobless figures and June retail sales, will be scrutinized for insight on how the economy is holding up under a shifting tariff and trade policy.
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The sign, which reads 'Shame on you Donald John,' in reference to the President's two first names, had become a familiar sight to those in Stornoway. It was originally placed outside Lewis Revival in March before being ordered down by the council. The banner was returned to the shop last night and will now be toured around the island by local residents and volunteers in protest of the US President's visit. Shop owner Sarah Venus said: 'Our banner with its many signatures and comments has become a community artifact of protest against Trump. 'We hung it again yesterday in front of the shop in an act of civil disobedience but at 5pm we removed it and it has begun its tour of the island.' Hundreds gathered at Union Terrace in Aberdeen today to protest US President Donald Trump's visit to Scotland. The demonstration, organised by the Stop Trump Coalition drew local residents and activist groups alike. 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Ahead of the protest, Alena Ivanova, a campaigner with the coalition said: 'Donald Trump may shake hands with our leaders, but he's no friend of Scotland. 'Trump is not welcome because he represents all that Scottish people reject. 'We call on everyone to join us and protest Trump, his politics and his ushering of a global far right.' 9am – 26/07/25 Following the President's arrival in Scotland last night, he was escorted to his course at Turnberry, ahead of what is sure to be an interesting weekend. Trump is set to meet with both Prime Minister Keir Starmer, and First Minister John Swinney during his visit. He will then make the journey to his Golf Resort in Balmedie to open up a brand new course, named after his Scottish mother. Today, there will be a protest from the Stop Trump Coalition at Union Terrace Gardens in the Granite City. Stay with our live blog as we bring you all of today's updates. President Trump has officially landed in Scotland ahead of his trip to open his brand new Aberdeenshire golf course. Riding aboard Air Force One, he touched down at Prestwick Airport at 8.30pm on Friday evening. The 79-year-old made the journey on one of his two custom Boeing 747-200B jets. He is now expected to be taken away in his motorcade to his Turnberry golf resort on the Ayrshire coast. President Trump is visiting his Aberdeenshire golf resort – Trump International Scotland – to open a brand-new golf course. The 18-hole links MacLeod Course is named after his mother Mary Anne MacLeod who was born on the Isle of Lewis in 1912. She emigrated to the United States in the 1930s where she married businessman Fred Trump in 1936. Mary Anne MacLeod died in 2000 at the age of 88. A deer had to be euthanised after it has hit by a police vehicle close to Trump International Scotland on Friday morning. New Arc Wildlife Rescue confirmed the news as the animal was 'beyond saving'. Ahead of his flight to Scotland, President Trump told reporters he was going to have 'a good time' with Keir Starmer and John Swinney during his trip. He confirmed he will have dinner with the prime minister at Turnberry before they travel to the 'oil capital of Europe, which is Aberdeen'. He added: 'We're going to have a good time. I think the prime minister and I get along very well.' The US president also told the media he has a 'lot of love' for Scotland. He said: 'The Scottish leader is a good man, so I look forward to meeting him.' The P&J has seen a letter from Offshore Energies UK to the prime minister. It is essentially a direct plea to focus on domestic oil and gas while Sir Keir Starmer prepares to talk business with Donald Trump. The US president told media last week he will meet the prime minister in Aberdeen – a claim which has not been disputed by Downing Street. But the prime minister's office has also not confirmed any details of a north-east visit. Industry figures and political leaders are now working on the assumption he will be there, so failing to come along will risk a serious backlash. Several roads in Lossiemouth will be closed to traffic during the President Trump's visit to the north-east beginning on Monday. According to air traffic documents, Trump will land at RAF Lossiemouth on Monday evening before travelling to his Aberdeenshire golf resort in Balmedie. Moray Council has confirmed several roads will be closed during this time. Roads surrounding the RAF base will be shut to traffic for four hours on Monday – between 1.30pm and 5.30pm. While not confirmed, road closures and air traffic restrictions suggest the US president will land at RAF Lossiemouth on Monday. He is then expected to travel to his Menie Estate, north of Aberdeen. Trump was last in the north-east in 2023 to break ground on his newest golf course. Further restrictions suggest he will leave his Menie Estate on Tuesday, July 29, head back to RAF Lossiemouth before leaving Scotland that afternoon. US President Donald Trump will arrive at Prestwick Airport on Friday night ahead of a four-day 'private' visit to Scotland. Over the coming days, he will visit Trump Turnberry in Ayrshire as well as open a new golf course at Trump International Scotland near Balmedie. Trump has also confirmed he plans to meet with Prime Minister Keir Starmer in Aberdeen during his trip. Good morning and welcome to our live blog, where our reporters will be posting regular updates about US President Donald Trump's visit to Aberdeenshire. Make sure to hit the refresh button on your browser to see new posts.

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