FX.co ★ TSX Futures Edge Lower as Oil Rises

Futures tracking Canadian equities edged lower on Monday as rising oil prices reignited inflation worries. Crude resumed its rally after U.S. President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, renewing fears that an energy-driven inflation shock could keep interest rates elevated for longer. Yields climbed, weighing on credit-sensitive stocks, while declining gold prices dragged down mining shares. Looking ahead, Canadian GDP data due Tuesday may provide fresh insight into economic momentum and help shape expectations for the Bank of Canada’s future policy path.