FX.co ★ TSX Futures Rise on US-Iran Deal Optimism

Futures linked to the S&P/TSX Composite Index inched higher on Tuesday, supported by optimism over a potential US–Iran peace agreement. At the G7 summit, US President Donald Trump said negotiations with Iran were progressing into a second phase. Crude oil prices declined as traders weighed the possibility of renewed supply, easing worries about energy-driven inflation and tempering expectations of a more hawkish stance from major central banks. Softer bond yields underpinned financial stocks and the broader equity market, while firmer gold prices lent support to mining shares. In housing data, Canadian home sales climbed 5.5% in May even as prices edged down. Looking ahead, investor attention is firmly on Wednesday’s Federal Reserve policy announcement, with markets broadly anticipating that interest rates will be left unchanged.