TSX futures slip as Trump rejects Iran peace response
Canadian stock futures edged lower on Monday after President Donald Trump dismissed Iran's response to a peace proposal, fueling concerns over the ongoing conflict. While oil prices rose on supply fears, gold fell as investors worried that persistent inflation could keep interest rates elevated for longer.
S&P/TSX futures fell 0.2% Monday morning after the United States rejected a peace proposal from Iran. The decline follows a Friday session where the Canada benchmark index reached a near three-week high on weaker-than-expected domestic jobs data that tempered expectations for aggressive interest rate hikes. Investors are weighing geopolitical instability against a domestic earnings season that remains mixed across the mining and construction sectors.
