FX.co ★ TSX Futures Higher Amid US War Exit Hopes

Futures tracking the S&P/TSX Composite Index rose on Tuesday as investors reacted to reports that US President Trump was considering a possible withdrawal from the Iran war. The Strait of Hormuz remains largely blocked due to the conflict, and its effective closure for several weeks has driven a sharp surge in global oil and gas prices, heightening concerns about broad-based inflation and a potential worldwide recession. Canadian bond yields declined, providing support to major banks, while higher oil and gold prices bolstered energy producers and mining stocks.