July 17 (Reuters) - Futures tracking Canada's blue-chip

index edged lower on Friday as a global selloff in semiconductor

stocks dented risk appetite, while an escalating U.S.-Iran

conflict kept oil prices elevated on concerns over potential

supply disruptions.

September contracts tracking the resources-heavy S&P/TSX

Composite Index were down 0.3% at 6:15 a.m. ET.

Here are some details:

* The U.S. and Iran escalated attacks across the Gulf, with

their collapsed truce disrupting oil flows through the Strait of

Hormuz.

* Gold prices edged slightly higher, but the precious metal

was headed for its biggest weekly loss in over a month on

Friday, as the Middle East conflict pushed oil prices up,

stoking inflation fears.

* Spot gold was up 0.7%, while silver was up

0.1%.

* Brent crude climbed over 1%, while West Texas

Intermediate crude inched up 1.96%.

* The technology sector could be in focus as Wall Street

futures slid on a deepening chip selloff, with investors pulling

back from crowded semiconductor trades amid renewed worries over

AI-related spending.

* Canada's benchmark index pulled back from a

record closing high on Thursday, as a slump in gold weighed on

miners.

* On the domestic front, Prime Minister Mark Carney said on

Thursday that Canada will not share with U.S. toll revenues from

the new bridge connecting Windsor, Ontario, and Detroit, until

Canada recoups its initial investment.

* Carney's statement comes at a time when the two neighbours

are trying to work out the USMCA trade agreement.

* Earlier this week, U.S. Trade Representative Jamieson

Greer said formal trade talks with Mexico were progressing,

while discussions with Canada were yet to yield concessions

sought by President Donald Trump.

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