CANADA STOCKS-TSX futures rise as trade war fears abate

March 6 (Reuters) - Canada's main stock index futures roseon Tuesday, in line with a recovery in global markets, asPresident Donald Trump's proposed tariff plans faced increasedresistance from political allies, easing some fears of a globaltrade war.

Gold stocks will be in focus as the metal's safe-havenappeal boosted demand amid uncertainties in the wake of Trump'stariffs.

March futures on the S&P TSX index were up 0.43percent at 7:15 a.m. ET.

Canada's Ivey Purchasing Managers Index is expected to bereleased 10:00 a.m. ET. The seasonally adjusted index came in at55.2 in January.

Canada's main stock index closed higher in its firstpositive session in five, as investors interpreted U.S.President Donald Trump's threats to impose tariffs on steel andaluminum imports as a negotiating tactic to get a better deal onNAFTA talks.

Dow Jones Industrial Average e-mini futures were up0.67 percent at 7:15 a.m. ET, while S&P 500 e-mini futureswere up 0.49 percent and Nasdaq 100 e-mini futureswere up 0.66 percent.

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TOP STORIES

Toronto home sales slumped in February from a year ago asthe market continued to be dampened by tighter mortgage rulesand higher borrowing costs, though demand for condominiumshelped prices stabilize, data showed on Tuesday.

Canadian Prime Minister Justin Trudeau called U.S. PresidentDonald Trump on Monday about proposed steel and aluminum tariffsand "forcefully defended" Canadian workers and the industry, agovernment official said.

Bombardier Inc will sell equity to strengthen itsbalance sheet as part of a five-year turnaround plan, theCanadian plane-and-train maker said on Monday.

ANALYST RESEARCH HIGHLIGHTS

Canadian National Railway Co CIBC cuts target priceto C$108 from C$111

EcoSynthetix Inc Canaccord Genuity cuts targetprice to C$2.50 from C$3

Gibson Energy Inc BMO cuts target price to C$19from C$20

COMMODITIES AT 7:15 a.m. ET

Gold futures: $1,325.8; +0.58 percent

U.S. crude: $62.97; +0.62 percent

Brent crude: $65.86; +0.49 percent

LME 3-month copper: $7,004.5; +1.34 percent

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

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory($1= C$1.29)(Reporting by Nandi Kaul in BengaluruEditing by Saumyadeb Chakrabarty)