TSX futures rise as Middle East tensions ease
Canadian stock futures edged 0.4% higher as investors reacted to signs of de-escalation between Iran and Israel despite ongoing caution. Markets remain focused on the Bank of Canada interest rate decision scheduled for Wednesday where economists expect the benchmark rate to hold at 2.25%.
S&P/TSX index futures rose 0.4% early morning on June 9 as geopolitical tensions between Iran and Israel cooled. The uptick follows a sharp decline in the previous session where energy and technology shares led a partial recovery. Investors are now pivoting toward domestic policy ahead of a central bank decision on borrowing costs.
### Geopolitical Calm Pressures Energy Prices Hostilities between Tehran and Tel Aviv halted overnight, though the Strait of Hormuz remains closed to shipping traffic and diplomatic talks have yet to yield a lasting deal. This de-escalation caused oil prices to fall 2%, reversing gains from the previous session. Despite the pause in attacks, both nations warned they could resume military action, leaving the regional stability fragile.
