CANADA STOCKS-TSX futures edge up with Mideast, US-China summit in focus

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KeyCorp

KEY

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TSX futures rise 0.4%

Oil higher, gold steady

- Futures for Canada's main stock index rose on Thursday, with gold prices steady and oil moving higher amid investors awaiting developments on the Middle East front and a high stakes U.S.-China summit.

June futures on the S&P/TSX index SXFcv1 were up 0.4% at 06:41 a.m. ET.

  • U.S. President Donald Trump is expected to ask China for help in ending the unpopular war in Iran, with peace talks between Tehran and Washington deadlocked

  • Iran's foreign minister urged BRICS nations to condemn U.S. and Israel actions as "violations of international law"

  • Oil prices LCOc1, CLc1 edged higher, with markets scouring for progress on a resolution for the U.S.-Iran war. O/R

  • Gold prices were steady as investors digested a rise in U.S. producer prices driven by increased energy costs

  • The Toronto Stock Exchange's S&P/TSX Composite Index .GSPTSE slipped on Wednesday, with a decline in financials and tech shares weighing on the index

  • Canadian home sales saw a modest rise in April while prices edged down, data from the Canadian Real Estate Association showed.

  • Energy infrastructure firm Keyera KEY.TO posted a first-quarter loss

  • Canadian Tire CTCa.TO reported Q1 adjusted profit above market expectations

  • Sherritt International S.TO said its first quarter financial filing could be delayed after its external auditor resigned and finance chief left, which could trigger a halt in its Canada shares trading


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