CANADA STOCKS-Canada futures tick higher as investors weigh U.S.-Iran talks

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- Futures tied to Canada’s main stock index edged up on Monday after three consecutive sessions of losses for the TSX, as investors assessed fragile U.S.-Iran peace talks.

September futures on the S&P/TSX index SXFcv1 were up 0.1% at 7:13 a.m. ET.

  • The United States and Iran made "encouraging progress" at the first round of talks aimed at reaching a final peace deal, mediators said on Monday, although tension persisted over Lebanon and the Strait of Hormuz.

  • Before markets open, Statistics Canada's data is likely to show domestic annual inflation increased to 3% in May from 2.8% in April.

  • Crude prices fell, while gold XAU= rebounded from a more than one-week low, after Iran cited progress in peace talks with the United States. GOL/

  • Last week, Canada's banking regulator lowered capital requirements for the country's biggest banks for the first time in three years, a move that will allow them to lend more as the government seeks to boost investment in AI, resources and other areas amid trade and geopolitical uncertainties.

  • Toronto's S&P/TSX Composite Index .GSPTSE has slipped about 2% from Wednesday’s record high, but remains on course for an eighth straight quarterly gain, its longest winning streak on record.

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