FX.co ★ TSX Futures Edge Lower as Oil Prices and Bond Yields Rise

Futures tied to Canada’s stock market slipped on Thursday, pressured by turbulence in global bond markets and a sharp rise in oil prices. Crude jumped after reports that the United States is planning new strikes against Iran, threatening the recent recovery in Middle Eastern oil exports and heightening inflation risks. Global bond yields continued their advance, as a hawkish US Federal Reserve further darkened the outlook for credit‑sensitive equities. At the same time, uncertainty over US‑Canada trade relations lingered after US President Donald Trump remarked that Canada has not been easy to deal with, clouding prospects for a new trade agreement. In contrast, gold prices staged a modest rebound, providing some relief for mining stocks that have been under pressure from recent price declines.