TSX futures slip on Middle East tension and jobs report
Canadian stock futures edged 0.2% lower as uncertainty over Middle East ceasefire efforts weighed on investor sentiment. Markets are focused on upcoming employment data expected to show the economy added 10,000 jobs in May while the unemployment rate remained at 6.9%.
S&P/TSX index futures fell 0.2% during the early morning on Friday as geopolitical tension in the Middle East pressured global sentiment. The decline follows a record high for the Canada benchmark index on Thursday, driven by gains in financial and mining stocks. This shift in sentiment reflects growing concern that regional instability could disrupt the recent rally and complicate the domestic interest rate outlook.
### Geopolitical Friction Weighs on Commodities Uncertainty intensified after the Iran-backed Hezbollah militia in Lebanon rejected a new ceasefire proposal on Thursday. Simultaneously, Israel confirmed it would not withdraw troops, complicating efforts by U.S. President Donald Trump to broker a peace deal with Iran.
