CANADA STOCKS-TSX futures muted as investors await US-Iran deal details; Fed in focus

TSX futures down 0.07%

Oil steadies, gold slips

- Futures tracking Canada's blue-chip stocks were little changed in thin volumes on Wednesday as investors awaited details of the U.S.-Iran peace agreement and the Federal Reserve's outlook on monetary policy.

June futures on the S&P/TSX index SXFcv1 were down 0.07% at 7:28 a.m. ET (1128 GMT).

  • U.S. President Donald Trump said the memorandum of understanding on Iran was not final, and that he could resume a bombing campaign if he did not like it.

  • Spot gold XAU= and silver XAG= slipped 0.03% and 0.4%, respectively, as investors awaited Federal Reserve Chair Kevin Warsh's first policy decision. GOL/

  • Oil prices steadied as markets weighed the potential impact of a U.S.-Iran deal and the International Energy Agency’s warning of a supply overhang next year against firm near-term demand. O/R

  • Canada's S&P/TSX Composite Index .GSPTSE hit a record high on Tuesday, led by gains in financial and metal-mining stocks, as lower oil prices eased inflation concerns.

  • Meanwhile, Canada's minister Dominic LeBlanc said he had a constructive meeting with U.S. Trade Representative Jamieson Greer, with talks planned as USMCA review timelines extend beyond July 1 without immediate renegotiation.

  • The U.S. and Trump have pivoted in their view of the war in Ukraine, taking what other G7 leaders thought was a more realistic position regarding the conflict, Canadian Prime Minister Mark Carney said.

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