TSX futures edge lower as U.S. tariff confusion weighs on investor sentiment

TSX futures fell Monday as shifting U.S. tariffs sparked market confusion. Rising gold prices offered support, but falling oil weighed on the benchmark index.

Futures for the main stock index in Canada CACA slipped on February 23, 2026, as uncertainty regarding trade policy in the United States USUS weighed on investor sentiment. The market volatility followed a decision by the U.S. Supreme Court to strike down emergency tariffs previously implemented by President Donald Trump under the U.S. presidency. In response to the legal ruling, President Donald Trump announced a new 10% tariff on the rest of the world and then raised it to 15%. The tariff actions and legal ruling directly affected North American equity futures, commodity prices and market sentiment.
TSX futures, representing the Toronto Stock Exchange (TSX), declined as part of a broader retreat in North American markets. On Wall Street, S&P 500 futures and Nasdaq 100 futures also slid as traders reacted to the rapid presidential tariff announcements. These developments have created a climate of uncertainty that has immediate implications for the S&P/TSX composite index and other major benchmarks.
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