FX.co ★ TSX Futures Rise as Oil Prices Ease

Futures tracking Canada’s main stock index rose on Monday as oil prices retreated on hopes of diplomatic progress between the United States and Iran. Iranian President Masoud Pezeshkian is expected to attend the United Nations General Assembly in New York this week, and U.S. President Donald Trump has indicated he is open to meeting him. Bond yields edged lower as the pause in the oil rally eased concerns about broader inflationary pressures from energy costs, offering some support to interest rate–sensitive shares. Investors are also awaiting a speech by Bank of Canada Governor Tiff Macklem later in the day for further signals on the central bank’s policy outlook. Meanwhile, gold prices slipped, weighing on mining stocks. Separately, Prime Minister Carney and French President Emmanuel Macron pledged to deepen cooperation in responding to mounting geopolitical tensions, climate change, and the erosion of democratic norms.