TSX futures edge higher as oil prices jump near 5 percent
Canadian stock futures gained 0.3 percent on Monday as rising oil prices supported energy sentiment following Israeli military strikes on Iranian targets. Investors are balancing geopolitical tensions with expectations for the Bank of Canada interest rate decision scheduled for Wednesday.
S&P/TSX index futures rose 0.3% early Monday as climbing energy prices offset concerns over higher interest rates. The advance follows the largest single-day drop for Canada since February 12, which occurred during the previous Friday session. Investors are balancing geopolitical supply risks in the Middle East against a hawkish shift in American monetary policy.
### Geopolitical Tensions Drive Energy Gains Oil prices rose nearly 5% after Israel launched strikes against a petrochemical plant in Iran and targets in Lebanon. These military actions followed reports that United States President Donald Trump had advised against further escalation. The renewed conflict has diminished market expectations for a swift resolution to regional hostilities.
