(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 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 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. [O/R] [GOL/]
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report [.TO]
Canadian dollar and bonds report [CAD/] [CA/]
Reuters global stocks poll for Canada
Canadian markets directory
(Reporting by Sukriti Gupta and Twesha Dikshit in Bengaluru; Editing by Sahal Muhammed)
