Futures linked to Canada’s S&P/TSX Composite Index slipped on Friday after US–Iran talks were put on hold. The negotiations, intended to address Iran’s nuclear program following a recently signed memorandum of understanding, were postponed after renewed conflict between Israel and Lebanon and the unexpected withdrawal of US Vice President JD Vance.
Sentiment was further pressured by the Federal Reserve’s unexpectedly hawkish pivot on Wednesday, which weighed on financial stocks and the broader index. Gold prices extended their decline, dragging down mining shares.
On the macroeconomic front, investors also focused on trade diplomacy following reports that Canadian Prime Minister Mark Carney and his team held a series of trade talks with US officials, while retail sales posted a sharp increase.
