May 6 (Reuters) - Futures for Canada's main stock index fell on Monday after U.S. President Donald Trump threatened to raise tariffs on China, triggering a global rout in risky assets.
In a surprise twist on Sunday, Trump said he would hike U.S. tariffs on $200 billion worth of Chinese goods this week and target hundreds of billions more soon, signaling a major shift. futures on the S&P/TSX index SXFc1 were down 0.95 percent at 7:00 a.m. ET.
The Toronto Stock Exchange's S&P/TSX .GSPTSE rose 83.55 points, or 0.51 percent, to 16,494.43 on Friday. Jones Industrial Average e-mini futures 1YMc1 were down 1.74 percent at 7:00 a.m. ET, while S&P 500 e-mini futures ESc1 were down 1.58 percent and Nasdaq 100 e-mini futures NQc1 were down 2.02 percent. .N
TOP STORIES TOP/CAN
Air Canada AC.TO on Monday reported a quarterly adjusted profit while analysts were expecting a loss, driven by higher passenger traffic and its acquisition of the Aeroplan loyalty program. RESEARCH HIGHLIGHTS RCH/CA
Autocanada Inc ACQ.TO : Canaccord Genuity cuts rating to "hold" from "buy"; cuts target price to C$10 from C$14
Seven Generations Energy Ltd VII.TO : CIBC cuts target price to C$15 from C$16
Toromont Industries Ltd TIH.TO : CIBC cuts target price to C$68 from C$70
COMMODITIES AT 7:00 a.m. ET COM/WRAP
Gold futures GCc2 : $1282.9; +0.12 percent GOL/
US crude CLc1 : $61.32; -1 percent O/R
Brent crude LCOc1 : $70.34; -0.72 percent O/R
U.S. ECONOMIC DATA DUE ON MONDAY
1000 (approx.) Employment Trends for April: Prior 111.0
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