ReutersReuters

TSX futures rise after index's halted rally

Refinitiv1 min czytania

Futures linked to Canada's main stock index edged higher on Wednesday, after the index fell in the previous session despite posting an intraday record high.

Futures for the S&P/TSX index (.SXFcv1) rose 0.2% to 1,765.40 points by 06:19 a.m. ET (1019 GMT), a day after the index crossed the 30,000 threshold for the first time.

Canadian Prime Minister Mark Carney said he had "constructive" trade talks with Chinese Premier Li Qiang with both countries seeking to discuss trade conflicts.

Canada has imposed tariffs on imports of China-made electric vehicles and steel and aluminum since last year, with Beijing retaliating with levies on Canadian canola imports.

Separately, Carney said trade negotiations with the U.S. were ongoing, with remaining issues to move to a forthcoming review of the United States-Mexico-Canada trade agreement.

Meanwhile, Bank of Canada Governor Tiff Macklem expressed concern on Tuesday about U.S. President Donald Trump's pressure tactics on the U.S. Federal Reserve.

In company news, Manulife Financial Corp's MFC wealth and asset management arm said it had signed an agreement to buy UK asset manager Schroders' business in Indonesia.

The Trump administration is seeking an equity stake of as much as 10% in Lithium Americas LAC, two people told Reuters. American-listed shares LAC of the company soared as much as 60% in premarket trading.

Bank of Montreal BMO launched a process to sell some of its U.S. branches with about $6 billion in deposits, the Wall Street Journal reported on Tuesday.

In commodities, gold GOLD continued to trade near record highs, while copper HG1! and iron ore (SZZFU5) were little changed. Oil prices BRN1!, CL1! inched up on concerns of tightening supplies.

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TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada (EQUITYPOLL1), (EPOLL/CA)

Canadian markets directory (CANADA)

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