Jun 10, 2025 (Baystreet.ca via COMTEX) --
Futures tied to Canada's main stock index rose on Tuesday as higher oil prices boosted the energy sector, while investors kept an eye on the ongoing U.S.-China trade talks.
The TSX Composite Index shed 53.33 points to conclude Monday at 26,3757.80.
Futures gained 0.2% Friday.
The Canadian dollar eked higher 0.02 cents to 73 cents U.S.
The trade negotiations between the world's two largest economies are set to run into a second day in London.
Any progress in the talks is likely to bring relief to the markets given that President Donald Trump's often-shifting tariff announcements and swings in U.S.-China ties have affected global supply chains and economic growth worldwide.
White House economic adviser Kevin Hassett said on Monday the U.S. was likely to agree to lift export controls on some semiconductors in return for China speeding up the delivery of rare earths.
Canada has vowed to boost military funding and reach NATO's 2% spending target this fiscal year, in a move that some analysts say could ease the path to a trade deal with the U.S.
Looking ahead, markets will focus on Wednesday's U.S. inflation report, which will influence expectations for Federal Reserve interest-rate cuts.
ON BAYSTREET
The TSX Venture Exchange picked up 4.3 points Monday to 725.90.
ON WALLSTREET
Stock futures were little changed Tuesday as investors waited for more insight on trade discussions between the U.S. and China.
Futures for the Dow Jones Industrials slid 34 points, or 0.1%, to 42,764.
Futures for the S&P 500 index slid 0.75 points to 6,009.50.
Futures for the NASDAQ gave up seven points to 21,814.50
Those moves follow a muted day on Wall Street as investors kept an eye on trade talks between officials from the two countries. The discussion is slated to resume on Tuesday morning.
Traders are monitoring the U.S.-China discussions for signs of a deal that doesn't involve the countries enforcing lofty tariffs on one another.
Both nations agreed last month to temporarily slash their duties, which was seen as a major breakthrough in trade negotiations after U.S. President Donald Trump unveiled his plan for broad and steep levies on imports.
Shares of the chain restaurant Cracker Barrel Old Country Store slipped 8.1% Monday. The company announced a proposed private offering of $275 million in convertible senior notes that would be due in 2030.
In Japan, the Nikkei 225 index grabbed 0.3% Tuesday, while in Hong Kong, the Hang Seng settled 0.1%
Oil prices prospered 28 cents to $65.57 U.S. a barrel.
Gold prices brightened $6.10 to $3,361 U.S. an ounce.
COMTEX_466248067/2559/2025-06-10T07:43:09
