March 25 (Reuters) - Futures tied to Canada's main stock
index rose on Tuesday, as geopolitical tensions and tariff
uncertainties lifted the prices of oil, gold and copper.
The futures on the S&P/TSX index were up 0.2% at
6.50 ET (1050 GMT)
In commodities, oil prices rose for the fifth consecutive
day on concerns about global supply tightening after the U.S.
imposed tariffs on countries purchasing Venezuelan crude.
Gold prices rose amid ongoing uncertainty over impending
reciprocal U.S. tariffs and their impact on the global economy.
Copper prices edged up as markets monitored the metal's
movement to the U.S. due to potential tariff issues. However, a
stronger dollar limited the gains.
Toronto's main stock index touched a three-week
high on Monday after U.S President Donald Trump's administration
said that not all of his threatened levies would be imposed on
April 2 and that some countries may get breaks, signaling
flexibility to the global markets.
Canadian aerospace trade groups said on Tuesday that
escalating U.S. tariffs and Canadian retaliatory measures could
increase costs for aerospace items and services from aircraft
components to engine repairs.
Investors now await key economic data later this week,
including Canada's January GDP figures and the U.S. Federal
Reserve's preferred inflation gauge - the Personal Consumption
Expenditure report.
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