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CANADA STOCKS-TSX futures climb as oil rises after Israeli strikes on Iran
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CANADA STOCKS-TSX futures climb as oil rises after Israeli strikes on Iran
Jun 8, 2026 3:52 AM

* TSX futures up 0.3%

* Oil climbs near 5%, gold slips

* BoC rate decision awaited

June 8 (Reuters) - Futures tracking Canada's blue-chip

stocks edged higher on Monday as oil prices rose after renewed

Israeli strikes on Iran and fresh attacks on Lebanon soured

hopes of an imminent end to the U.S.-Iran war.

June futures on the S&P/TSX index were up 0.3% at

6:16 a.m. ET (1016 GMT).

* Israel said on Monday it hit a petrochemical plant in

Iran's southwest, along with strikes elsewhere on military

targets, after U.S. President Donald Trump reportedly told

Israeli Prime Minister Benjamin Netanyahu to refrain from

further attacks.

* Oil prices rose near 5% as investors reacted to the latest

strikes and renewed attacks in Lebanon a day earlier.

* Spot gold and silver slipped 0.8% and 1.2%,

respectively, after strong U.S. jobs data lifted expectations of

a Federal Reserve rate hike, while rising oil added to inflation

worries.

* Canada's S&P/TSX Composite Index posted its

biggest drop since February 12 on Friday, retreating from a

record high as weaker commodities and Fed rate hike bets hurt

sentiment.

* Investors will closely watch the Bank of Canada's interest

rate decision due on Wednesday for cues on the policy outlook.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

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