TSX Futures Rise as Oil Prices Ease
Futures tracking Canada’s stock exchange rose on Monday after oil prices decreased on hopes for diplomatic progress between the US and Iran. Iranian President Masoud Pezeshkian is expected to attend the United Nations General Assembly in New York this week, and US President Donald Trump has said he would be open to meeting him. Bond yields eased as the halt in the oil rally cooled concerns over spreading inflationary pressures from energy costs, lending some support to credit-sensitive shares. Market participants await Bank of Canada Governor Tiff Macklem’s speech, scheduled later in the day, for clues on the central bank’s future policy path. Meanwhile, gold prices eased, pressuring miners. Separately, Prime Minister Carney and French President Macron pledged closer ties to address rising geopolitical tensions, climate change, and the erosion of democratic values.
Futures tracking Canada’s stock exchange rose on Monday after oil prices decreased on hopes for diplomatic progress between the US and Iran. Iranian President Masoud Pezeshkian is expected to attend the United Nations General Assembly in New York this week, and US President Donald Trump has said he would be open to meeting him. Bond yields eased as the halt in the oil rally cooled concerns over spreading inflationary pressures from energy costs, lending some support to credit-sensitive shares. Market participants await Bank of Canada Governor Tiff Macklem’s speech, scheduled later in the day, for clues on the central bank’s future policy path.
Meanwhile, gold prices eased, pressuring miners. Separately, Prime Minister Carney and French President Macron pledged closer ties to address rising geopolitical tensions, climate change, and the erosion of democratic values.