FX.co ★ TSX Futures Edge Higher as Markets Gauge Peace Outlook

Futures tied to the S&P/TSX Composite Index inched higher on Friday, as investors weighed uncertainty over a possible breakthrough in US–Iran peace negotiations. Oil prices slipped but remained elevated, keeping inflation worries in focus. US Secretary of State Marco Rubio said there had been “some good signs” in talks aimed at ending the nearly three-month-old conflict involving the US, Israel, and Iran, though significant divisions persisted over Tehran’s uranium stockpile and control of the Strait of Hormuz. At the same time, gold prices moved lower as ongoing inflation concerns bolstered expectations of a potential US interest rate increase later this year, pressuring mining shares. Market participants also looked ahead to quarterly results from major Canadian banks scheduled for release next week.