CANADA STOCKS-TSX futures edge up as Trump says ceasefire still holding

TSX futures up 0.2%

Oil and gold prices up

- Futures for Canada's main stock index ticked higher on Friday after U.S. President Donald Trump said a ceasefire was still holding, despite U.S.-Iran clashes and renewed attacks on the UAE.

June futures on the S&P/TSX index SXFcv1 were up 0.2% at 6:59 a.m. ET (1059 GMT).

  • The flare-up in fighting came as Washington awaited a response from Tehran to its proposal to end the conflict, which began with joint U.S.-Israeli airstrikes across Iran on February 28.

  • Spot gold XAU= and silver XAG= were up 0.7% and 2.7% respectively as inflation fears eased. GOL/

  • However, oil prices rose, with Brent crude back at $100.28 a barrel after renewed fighting near the Strait of Hormuz raised supply concerns, signaling skepticism among some investors. O/R

  • The Toronto Stock Exchange's S&P/TSX Composite Index .GSPTSE ended lower on Thursday as investors locked in recent gains ahead of U.S. and Canadian jobs data, with energy shares among the biggest decliners.

  • The benchmark set for a third straight weekly loss amid geopolitical tensions and volatility in oil and gold prices.

  • Investors are awaiting key U.S. employment data due later today at 8:30 a.m. ET.

  • On the earnings front, sugar and maple producer Rogers Sugar's RSI.TO second-quarter revenue fell and missed analyst expectations.

  • Oil and gas producer Cardinal Energy's CJ.TO first-quarter revenue rose on record production.

  • Energy utility Emera's EMA.TO first-quarter adjusted EPS rose 7% yr/yr, beating analyst expectations.

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