Latest news with #SXFcv1
Reuters
08-07-2025
- Business
- Reuters
TSX futures rise; new US tariff proposals in focus
July 8 (Reuters) - Futures tied to Canada's benchmark index edged higher on Tuesday, while investors assessed U.S. President Donald Trump's new tariff proposals for several trading partners and a new deadline for trade deals. Futures on the S&P/TSX index (.SXFcv1), opens new tab rose 0.2% by 06:34 a.m. ET (1034 GMT). Trump on Monday sent letters to 14 nations, including Japan and South Korea, threatening sharply higher tariffs on U.S. imports, while also postponing their implementation to August 1. He added that the deadline was not 100% firm and he would consider extensions if countries made proposals. Countries have been under pressure to seal deals with the U.S. after Trump launched a global trade war in April, which rattled financial markets and prompted policymakers to protect their economies. Canada, which recently canceled a digital service tax on U.S. technology companies to preserve trade talks with Trump, aims to reach an agreement by July 21. Gold and oil prices , eased on Tuesday. Canada's finance minister has asked all ministries to find savings, assess spending on programs, cut down on work duplication and look to reallocate funds from other programs to priority projects, a government official said on Monday. Aura Minerals ( opens new tab said it is preparing to list its shares on Nasdaq, in a move that could fetch the Canadian gold and copper miner a valuation of $2.14 billion. Toronto's commodity-heavy S&P/TSX composite index (.GSPTSE), opens new tab closed lower on Monday, tracking U.S. markets, sparking trade jitters among Canadian investors. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report CA/ Reuters global stocks poll for Canada , Canadian markets directory
Reuters
30-06-2025
- Business
- Reuters
TSX futures inch up as US-Canada trade talks revived
June 30 (Reuters) - Futures for Canada's main stock index edged higher on Monday as the revival of trade talks between Washington and Ottawa improved market sentiment. Futures on the S&P/TSX index (.SXFcv1), opens new tab were up 0.1% at 06:54 a.m. ET (1054 GMT). Canada scrapped its digital services tax targeting U.S. technology firms late on Sunday, just hours before it was due to take effect, in a bid to restart stalled trade negotiations with the U.S. Canada's finance ministry said that Prime Minister Mark Carney and U.S. President Donald Trump will resume trade negotiations to agree to a deal by July 21. Trump abruptly called off trade talks on Friday over the tax targeting U.S. technology firms, saying that it was a "blatant attack." Toronto's commodity-heavy S&P/TSX composite index (.GSPTSE), opens new tab pulled back on Friday from a record high as data showed the domestic economy contracting and after Trump shattered optimism that U.S. would reach a tariff deal with Canada. Gold firmed on Monday, while oil prices , nudged lower. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report Canadian dollar and bonds report CA/ Reuters global stocks poll for Canada , Canadian markets directory
