Canada Stocks: Toronto futures tick higher as oil gains; Mideast tensions linger

5N Plus

04/08/2026 11:30

Aug 4 (Reuters) - Futures tracking Canada's commodity-heavy stock index edged higher on Tuesday as oil climbed against uncertainty over the Middle East conflict, while gold prices were steady.
September futures tracking the S&P/TSX Composite index SXFc1 were up 0.7% at 06:00 a.m. ET, with domestic markets set to open after a long holiday weekend.

Here are some details:
Oil prices rebounded as a diplomatic resolution to the Middle East conflict remained uncertain, while disruptions to energy flows through key shipping routes persisted.
Brent crude futures LCOc1 rose 2.8% after dropping 7% in the previous session to a three-week low, while West Texas Intermediate Crude CLc1 gained 2.4%. O/R
Gold prices were steady as investors weighed mixed signals over the U.S. Federal Reserve's interest-rate path and monitored ongoing developments in the Middle East, while copper prices advanced, supported by falling inventories.
Spot gold XAU= was little changed at $4,048.84 per ounce, while silver XAG= gained 0.9%. GOL/
Investors were also digesting second-quarter results from specialty semiconductor producer 5N Plus VNP.TO, which topped earnings estimates late on Monday.
Meanwhile, at least three brokerages downgraded Telus T.TO after the telecom provider's quarterly results. 
A host of energy firms and miners including Suncor Energy SU.TO and Orla Mining OLA.TO, among others, are set to report quarterly results after the bell.
On Friday, the benchmark index dipped as a slump in gold prices weighed on mining shares, although it still notched a fourth consecutive monthly gain.
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 (Reporting by Sudeshna Ghoshal in Bengaluru; Editing by Vijay Kishore)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))