Canada Stocks: TSX futures edge up as Middle East tensions persist

TMX

05/05/2026 12:15

TSX futures up 0.5%

May 5 (Reuters) - Futures for Canada's main stock index gained on Tuesday as oil prices ticked lower amid renewed tensions in the Middle East threatening a fragile truce.

June futures on the S&P/TSX index SXFcv1 were up 0.5% at 6:58 a.m. ET (1058 GMT).

The U.S. and Iran launched new attacks in the Gulf on ​Monday as they wrestled for control over the Strait of Hormuz with dueling maritime blockades.

Brent crude futures slipped but held near $114 a barrel as investors monitored developments in the Middle East conflict. O/R

Spot gold XAU= and silver XAG= rose 0.5% and 1%, respectively, though gains were capped as elevated oil prices kept inflation concerns alive. GOL/

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE ended lower on Monday as the Iran conflict escalated, stoking fears of higher inflation that could lead to interest‑rate hikes this year.

Investors are also watching corporate earnings in the United States and Canada for signs of how companies are navigating challenges arising out of the U.S.-Iran war.

On the earnings front, exchange operator TMX Group’s X.TO first‑quarter revenue and profit beat analyst estimates.

Real estate firm Dream Impact Trust’s DRM.TO first‑quarter net loss widened from a year earlier, as commercial income fell.

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 (Reporting by Tharuniyaa Lakshmi in Bengaluru; Editing by Joyjeet Das)

 ((tharuniyaa@thomsonreuters.com))