CANADA STOCKS-TSX futures edge down amid tariff jitters; domestic data awaited
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Futures for Canada's main stock index fell 0.1% amid tariff uncertainties under U.S. President Trump, who is considering imposing 25% duties starting Feb. 1. Investors are awaiting domestic CPI data that may influence the Bank of Canada's interest rate decisions, with an 80% chance of a 25 basis-point cut this month. The S&P/TSX composite index reached a five-week high on Monday, while gold prices rose and copper prices fell due to tariff threats. Teck Resources reported a 50% increase in annual copper production for 2024.
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