Futures linked to the S&P/TSX Composite Index were little changed on Wednesday, after the benchmark closed at a six-week high in the previous session, as investors weighed fragile US–Iran peace efforts. US President Trump signaled that a second round of talks could soon resume in Pakistan. Oil prices inched higher but stayed below recent peaks, even as the US maintained its blockade in the Strait of Hormuz.
Meanwhile, Canada’s banking regulator said it is reviewing lenders’ exposure to private credit amid mounting concerns about the health of the US market. Energy producers are expected to see more modest gains as the oil rally loses momentum, while a stronger US dollar pushed gold prices lower, likely pressuring mining stocks.
