Futures linked to Canada’s main stock exchange edged lower on Friday, as investors cautiously eyed uncertainty around the trajectory of U.S. trade policy.
By 06:34 ET (10:34 GMT), the S&P/TSX 60 index standard futures contract had fallen by 5 points, or 0.3%.
President Donald Trump has said that Washington will begin issuing formal letters to major economies outlining new U.S. export tariff rates as early as Friday.
He said the U.S. will forgo lengthy negotiations with over 170 countries and instead unilaterally impose flat tariff rates ranging between 20% and 30%.
The TSX/S&P composite index rose by 0.6% at 27,034.26 on Thursday, surpassing a previous record high notched in the prior session. For the year, the average has advanced by 9.3%.
Stronger-than-anticipated U.S. labor market data underpinned sentiment, although markets are still unclear how the White House will approach the end of a pause to sweeping “reciprocal” tariffs on July 9.
S&P, Nasdaq log record highs
The benchmark S&P 500 and tech-heavy Nasdaq Composite both logged fresh all-time peaks on Thursday, as investors cheered the U.S. jobs report and shrugged off predictions that the Federal Reserve would now opt not to slash interest rates this month.
By the end of trading on the final day of a holiday-shortened week, the S&P 500 had climbed by 0.8% and the Nasdaq had advanced by 1.0%. The blue-chip Dow Jones Industrial Average also gained 0.7%, hovering within striking distance of its own record high. Stock markets in the U.S. will be shuttered on Friday for the Independence Day holiday.
