Futures linked to Canada’s main stock exchange edged lower on Wednesday as investors monitored the escalating trade dispute between Canada and the United States. By 06:52 ET (10:52 GMT), S&P/TSX 60 standard futures had fallen 2 points, or 0.1%, after the S&P/TSX composite index rose 0.7% to 36,957.63 on Tuesday, surpassing its previous record close from August 13. Strong earnings from Bank of Montreal and Bank of Nova Scotia supported Canadian financial stocks. Sentiment was tempered by Canada’s plan to impose tariffs of up to 50% on about 700 U.S. products, covering roughly $20 billion in annual imports, in response to new U.S. levies. The Canadian duties are scheduled to take effect on September 8 after failed negotiations, while the U.S. tariffs began on Saturday. U.S. stock futures were little changed ahead of the July personal consumption expenditures price index, a key inflation gauge used by Federal Reserve officials, and Nvidia’s results. The core PCE measure is expected to rise 0.2% month-on-month in July, up from 0.1%, and remain at 3.3% year-on-year, above the Fed’s 2% target. Markets have reduced expectations for a September rate increase, although Boston Fed President Susan Collins said tighter policy would soon be “appropriate” without more sustained disinflation. Nvidia’s revenue is expected to double from a year earlier to $92.18 billion, according to LSEG data cited by Reuters, while investors will assess demand for its Blackwell chips and next-generation Vera Rubin processors. Intuit shares fell more than 12% before the U.S. open after its annual revenue forecast missed expectations. Brent crude fell below $90 a barrel amid reported diplomatic efforts involving the Middle East and the Strait of Hormuz, although a reported U.S.-Iran ceasefire could not be immediately verified. Gold also edged lower and was on track to end a three-week winning streak.