Canada stocks-TSX futures subdued as investors weigh US tariffs, await details on looming Iran sanctions

Aug. 24 (Reuters) - Futures tracking Canada's commodity-heavy stock index were subdued on Monday as investors took stock of new U.S. tariffs on Canadian goods and awaited details on the United States' threat to impose sanctions against Iran.

September futures on the S&P/TSX index SXFc1 rose 0.1% to 2,147.70 points at 5:41 a.m. ET.

• Oil prices slipped, as investors took profits ahead of the expected announcement. Brent crude futures LCOc1 fell 1.4%, while West Texas Intermediate crude CLc1 shed 2%.
• Gold prices hit a three-month high against a subdued dollar, as investors also turned their focus to key U.S. inflation data due later this week along with Federal Reserve Chair Kevin Warsh's remarks at the Jackson Hole symposium in Wyoming.
• Spot gold XAU= gained 0.7%, while silver XAG= shed 0.2%.
• Canada's benchmark index recorded a 0.3% weekly loss on Friday as investors weighed lingering strains in global bond markets after a U.S. Treasury intervention provided brief relief from selling driven by inflation and fiscal concerns.

• The U.S. imposed 50% tariffs on some Canadian goods on Saturday after the two longstanding allies failed to secure a trade agreement, with both sides blaming each other for the collapse of talks.
• The new duties add to existing U.S. tariffs on steel, lumber and autos, which have taken a major hit in the last 18 months. According to trade experts, the tariffs open up some already vulnerable sectors to potential severe damage and could lead to job losses and business closures.