Canadian stocks rise amid record metals prices as Trump threatens 100 percent tariff

Canadian index futures rose Monday as gold and silver reached new record highs. However, a 100 percent tariff threat from the U.S. weighed on sentiment.

Insights:
March futures on the S&P/TSX Composite Index in Toronto were up 0.37 percent as of 6:04 a.m. ET on Monday. This follows a strong performance on Friday when the benchmark stock index for Canada CACAclosed at a record high, marking its third consecutive week of gains. The early momentum in the Canadianstock market reflects a surge in commodity prices, though investor sentiment remains cautious following trade developments from the United States USUS.
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada on January 23, 2019. REUTERS/Chris Helgren
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada on January 23, 2019. REUTERS/Chris Helgren
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