March 6 (Reuters) - Canada's main stock index futures rose on Tuesday, in line with a recovery in global markets, as President Donald Trump's proposed tariff plans faced increased resistance from political allies, easing some fears of a global trade war.
Gold stocks will be in focus as the metal's safe-haven appeal boosted demand amid uncertainties in the wake of Trump's tariffs.
March futures on the S&P TSX index SXFc1 were up 0.43 percent at 7:15 a.m. ET.
Canada's Ivey Purchasing Managers Index is expected to be released 10:00 a.m. ET. The seasonally adjusted index came in at 55.2 in January. ECONCA
Canada's main stock index closed higher in its first positive session in five, as investors interpreted U.S. President Donald Trump's threats to impose tariffs on steel and aluminum imports as a negotiating tactic to get a better deal on NAFTA talks. Jones Industrial Average e-mini futures 1YMc1 were up 0.67 percent at 7:15 a.m. ET, while S&P 500 e-mini futures ESc1 were up 0.49 percent and Nasdaq 100 e-mini futures NQc1 were up 0.66 percent. .N
TOP STORIES TOP/CAN
Toronto home sales slumped in February from a year ago as the market continued to be dampened by tighter mortgage rules and higher borrowing costs, though demand for condominiums helped prices stabilize, data showed on Tuesday. Prime Minister Justin Trudeau called U.S. PresidentDonald Trump on Monday about proposed steel and aluminum tariffs and "forcefully defended" Canadian workers and the industry, a government official said. Inc BBDb.TO will sell equity to strengthen its balance sheet as part of a five-year turnaround plan, theCanadian plane-and-train maker said on Monday. RESEARCH HIGHLIGHTS RCH/CA
Canadian National Railway Co CNI.TO CIBC cuts target price to C$108 from C$111
EcoSynthetix Inc ECO.TO Canaccord Genuity cuts targetprice to C$2.50 from C$3
Gibson Energy Inc GEI.TO BMO cuts target price to C$19from C$20
COMMODITIES AT 7:15 a.m. ET COM/WRAP
Gold futures GCc1 : $1,325.8; +0.58 percent GOL/
U.S. crude CLc1 : $62.97; +0.62 percent O/R
Brent crude LCOc1 : $65.86; +0.49 percent O/R
LME 3-month copper CMCU3 : $7,004.5; +1.34 percent MET/L
U.S. ECONOMIC DATA DUE ON TUESDAY
1000 Durables ex-defense R mm for Jan: Prior -2.7 pct
1000 Durable goods R mm for Jan: Prior -3.7 pct
1000 Factory orders mm for Jan: Expected -1.3 pct; Prior 1.7pct
1000 Durables ex-transport R mm for Jan: Prior -0.3 pct
1000 Non defense cap ex-air R mm for Jan: Prior -0.2 pct
1000 Factory ex-transport mm for Jan: Prior 0.7 pct
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