TSX futures flat; US payrolls, trade deals in focus
Futures on the S&P/TSX index (.SXFcv1), opens new tab were flat at 1601.4 points at 06:20 a.m. ET (1020 GMT)
President Donald Trump signed a trade deal with Vietnam on Wednesday, imposing a 20% tariff on exports to the U.S., lower than the previously threatened 46%.
Also supporting market sentiment was the Trump administration lifting export restrictions on Chinese-bound shipments from chip design software developers and ethane producers.
Meanwhile, the U.S. House of Representatives advanced Trump's sweeping tax-cut and spending bill, paving the way for a possible vote on the legislation later in the day ahead of the July 4 holiday.
Investors also await U.S. nonfarm payrolls data, a key indicator that could influence potential rate cuts as Federal Reserve officials assess the impact of tariffs on inflation.
Toronto's commodity-heavy S&P/TSX composite index (.GSPTSE), opens new tab reached a new record high on Wednesday, as investors looked past global economic uncertainty and weighed prospects for the Federal Reserve's interest-rate cuts.
Gold and oil prices , fell on Thursday as investors were wary of higher U.S. tariffs being reinstated.
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