FX.co ★ TSX Futures Slip as Oil Rebounds

Futures tracking Canadian equities edged lower as rebounding oil prices reignited inflation concerns. Crude oil trimmed earlier losses amid ongoing U.S.–Iran tensions, with deep divisions between the two sides continuing to hinder negotiations. Credit-sensitive sectors, particularly banks, have come under pressure from energy-driven inflation and the resulting expectations for higher-for-longer interest rates since the conflict began. Meanwhile, gold prices steadied after a sharp decline in the previous session that weighed heavily on major Canadian miners. On the earnings front, CGI posted earnings per share and revenue that came in slightly above forecasts. Franco-Nevada and Power Corporation of Canada are set to report after the market close.