TSX futures rise on US-Iran deal and GDP anticipation
Canadian stock futures rose on Friday following reports that the United States and Iran agreed to extend their ceasefire and ease shipping restrictions. Investors are now shifting their focus toward domestic first-quarter GDP data and the Bank of Canada's upcoming interest rate decision.
S&P/TSX 60 index futures rose 0.22% on Friday morning as the United States and Iran extended their ceasefire. The agreement eases shipping restrictions through the Strait of Hormuz and lifts sentiment across North American equities. Investors now await critical first-quarter GDP data for Canada to clarify the economic trajectory.
### Geopolitical Progress Eases Shipping Constraints The United States and Iran agreed on Thursday to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz, people familiar with the matter said. While the deal requires a final signoff from the U.S. President, the news eased immediate supply chain concerns.
