FX.co ★ TSX Futures Rise as Oil Gains Amid Rising Middle East Tensions

S&P/TSX Composite Index futures advanced on Tuesday, lifted by gains in energy and mining commodities. Oil prices rose after renewed Iranian attacks on the United Arab Emirates reignited supply concerns and compounded ongoing shipping disruptions through the Strait of Hormuz. Gold prices also inched higher, providing an additional boost to mining stocks. Meanwhile, investors are looking ahead to the Bank of Canada’s interest rate decision on Wednesday, with markets widely expecting the central bank to leave its benchmark rate unchanged.