TSX Futures Inch Up as US Tariffs Are Paused

2026-08-19 13:00 By Isabela Couto 1 min. read

Futures tracking Canadian equities edged higher on Wednesday after US President Donald Trump paused new tariffs on Canadian goods.

Trump announced late Tuesday that he was putting a three-day pause on the new 50% tariffs that were set to take effect on Canadian goods on Wednesday, saying the two countries had reached a deal.

The prospect of a deal lent support to Canadian exporters.

Oil prices hit a three-week high as uncertainty over shipping through the Strait of Hormuz and ongoing supply disruptions persisted, supporting energy producers.

Gold prices were supported by a weaker dollar as global bond yields stabilized, supporting mining stocks.

Meanwhile, financials and the broader index remained under pressure amid energy-driven inflationary pressures stemming from the Middle East conflict and ahead of the release of the US Federal Reserve’s July meeting minutes.



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