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CANADA STOCKS-TSX futures climb as tariff turmoil looms and corporate earnings await
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CANADA STOCKS-TSX futures climb as tariff turmoil looms and corporate earnings await
Apr 11, 2025 4:32 AM

April 11 (Reuters) - Futures linked to Canada's main

stock index edged higher on Friday, as a tumultuous week

dominated by escalating tensions over U.S.-China trade kept

investors on the edge, with attention turning to the upcoming

earnings season.

The futures on the S&P/TSX index were up 0.6% at

6:14 a.m. ET (1014 GMT).

China increased its tariffs on U.S. imports to 125%,

retaliating against U.S. President Donald Trump's decision to

hike duties on Chinese goods to 145%, intensifying the ongoing

trade war between the two largest economies that threatens to

upend global supply chains.

Stocks worldwide have been on a roller-coaster ride due to

recent tariff announcements.

Earlier this week, Trump paused duties for dozens of

countries for 90 days giving markets a brief reprieve, but

concerns returned with the ongoing conflict with China, fueling

fears of a recession.

Back home, Canadian Prime Minister Mark Carney is set to

convene a meeting with his top cabinet colleagues later in the

day to discuss the threat posed by U.S. tariffs.

Looking ahead, the U.S. quarterly earnings season will pick

up pace with big banks scheduled to report before markets open,

that could offer insights into the health of corporate America.

Shares of Canadian gold miners could get support as the

safe-haven metal surpassed the key $3,200 mark for the first

time, spurred by a weaker dollar and economic concerns.

Oil prices were stable, but on track for their second weekly

loss in a row.

Base metals were mostly up and copper was headed for a

weekly rise, boosted by Trump's intent for a potential deal with

China and the decision to temporarily lower tariffs for numerous

countries.

Canada's main stock index surrendered much of its relief

rally gains on Thursday, setting the stage for a third

consecutive week of losses - the longest in nearly 10 months.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

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