Canada Stocks: TSX futures gain ahead of US-Iran talks as oil rises

COGECO

10/04/2026 10:38

TSX futures up 0.24%

U.S. CPI and Canada jobs data due at 8:30 a.m. ET

April 10 (Reuters) - Futures for Canada's main stock index edged higher on Friday, supported by firm oil prices as uncertainty over the Strait of Hormuz persisted ahead of U.S.-Iran peace talks.

June futures on the S&P/TSX index SXFcv1 were up 0.24%, or 4.70 points, at 05:21 a.m. ET (09:21 a.m. GMT).

Iran cited Israel's ongoing attacks on Lebanon as a key sticking point in the ceasefire ahead of talks with the U.S. in Islamabad on Saturday.

Oil prices gained with little sign of the Strait of Hormuz reopening as only a few vessels sailed through the narrow sea passage in the first 24 hours of the ceasefire.

Futures tracking U.S. West Texas Intermediate crude CLc1 hovered near $100 a barrel, but was headed for a 10% weekly drop. O/R

Spot gold XAU= eased 0.2%, still on track for weekly gains with investors pricing in earlier and deeper U.S. rate cuts. GOL/

Canada's benchmark stock index .GSPTSE closed 0.4% lower on Thursday, dragged down by energy and tech stocks.

Investors await U.S. inflation data and Canada's March jobs report, scheduled for release at 8:30 a.m. ET.

In after the bell results on Thursday, telecom firm Cogeco CGO.TO lowered its full-year revenue outlook on weakness in U.S. telecom segment and media activities.

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 (Reporting by Utkarsh Tushar Hathi; Editing by Sahal Muhammed)

 ((utkarshtushar.hathi@thomsonreuters.com))