July 22 (Reuters) - Futures tracking Canada's main stock
index edged higher on Wednesday as commodity prices rose, while
investors assessed the impact of widening Middle East conflict
alongside fresh U.S. tariffs on Canadian imports.
September futures tracking the resource-heavy S&P/TSX
Composite index were up 0.2% at 6:54 a.m. ET, suggesting
that the index could rally for a second day after Tuesday's 1.2%
jump.
* Renewed tensions between the United States and Iran drove
oil prices to their highest levels in over a month as concerns
mounted over disruptions to key Middle Eastern supply routes.
* Brent crude futures climbed 3.8% to $94.50 per
barrel, while West Texas Intermediate crude traded around $87.41
a barrel.
* Gold prices edged up as the dollar softened. Spot gold
and silver were up 1% and 0.9%,
respectively.
* Focus is also on the quarterly earnings of U.S. big tech
companies, including Alphabet and Tesla,
which are expected after the closing bell.
* Prime Minister Mark Carney said late Tuesday he and Donald
Trump agreed to intensify trade negotiations after the U.S.
president unveiled plans for 50% tariffs on a wide range of
Canadian imports.
* Canada even canceled a planned joint celebration with its
neighbor to mark the opening of the Gordie Howe International
Bridge between Windsor, Ontario and Detroit, citing trade
threats from Trump.
* Separately, Canada foreign minister Anita Anand called for
a de-escalation and a permanent ceasefire in the Middle East,
describing the situation as "quite grave".
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(Reporting by Sudeshna Ghoshal in Bengaluru; Editing by Joyjeet
Das)