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 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 and silver
were down 0.6% and 1.8%, respectively.
* Brent crude futures also fell 1%, while West Texas
Intermediate Crude shed 0.6% but hovered near one-month
highs as traders weighed supply risks due to the conflict.
* 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 ( CGEAF ) 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.
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