Canada Stocks: TSX futures edge lower as gold slips, Middle East tensions linger

Cogeco Communications

16/07/2026 11:36

    July 16 (Reuters) - Futures tracking Canada's blue-chip stocks edged lower on Thursday as gold prices slipped, while investors assessed worsening Middle East tensions and avoided riskier bets.
September futures on the S&P/TSX index SXFc1 were down 0.2% at 06:00 a.m. ET. 
Gold prices slipped as uncertainty over the Middle East conflict revived inflation concerns. Spot gold XAU= and silver XAG= were down 0.6% and 1.8%, respectively. GOL/
Brent crude futures LCOc1 also fell 1%, while West Texas Intermediate Crude CLc1 shed 0.6% but hovered near one-month highs as traders weighed supply risks due to the conflict.O/R
On the trade front, U.S. Trade Representative Jamieson Greer noted progress in formal trade talks with Mexico, while discussions with Canada had yet to produce concessions sought by President Donald Trump as he pushes to reduce U.S. trade deficits with the two countries.
Earlier this month, the Trump administration said it will not renew the USMCA trade agreement, but that the pact would remain in effect until the issues were resolved or the agreement terminated.
In company news, Canadian telecom provider Cogeco Communications CCA.TO missed third-quarter revenue estimates late on Wednesday, on a lower U.S. subscriber base. 
Meanwhile, financial stocks were boosted by upbeat U.S. bank earnings, helping the main index gain a record high.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Canadian dollar and bonds report CAD/ CA/
Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA
Canadian markets directory CANADA

 (Reporting by Sudeshna Ghoshal in Bengaluru; Editing by Shreya Biswas)
 ((Sudeshna.Ghoshal@thomsonreuters.com;))