CANADA STOCKS-Canada futures tick higher as investors weigh U.S.-Iran talks
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June 22 (Reuters) - 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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