FX.co ★ TSX Futures Rise on US-Iran Truce

The S&P/TSX Composite Index futures rose on Monday after the United States and Iran agreed to pause recent hostilities in the Middle East. Crude prices held near pre-conflict levels after both sides committed to halting mutual attacks ahead of peace talks this week, despite renewed clashes over the weekend. Softer oil prices eased worries about energy-driven inflation, providing support to financial stocks and the broader index. At the same time, gold prices declined as receding geopolitical tensions reduced demand for safe-haven assets, weighing on mining shares. Investors are also looking ahead to Canada’s May GDP release later this week for fresh indications of the economy’s momentum. Markets largely expect the Bank of Canada to keep interest rates unchanged for most of the year, though traders have increased wagers that policymakers could still tighten further before year-end.