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CANADA STOCKS-TSX futures edge up as Trump says ceasefire still holding
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CANADA STOCKS-TSX futures edge up as Trump says ceasefire still holding
May 8, 2026 4:42 AM

* TSX futures up 0.2%

* Oil and gold prices up

May 8 (Reuters) - Futures for Canada's main stock index

ticked higher on Friday after U.S. President Donald Trump said a

ceasefire was still holding, despite U.S.-Iran clashes and

renewed attacks on the UAE.

June futures on the S&P/TSX index were up 0.2% at

6:59 a.m. ET (1059 GMT).

* The flare-up in fighting came as Washington awaited a

response from Tehran to its proposal to end the conflict, which

began with joint U.S.-Israeli airstrikes across Iran on February

28.

* Spot gold and silver were up 0.7% and 2.7%

respectively as inflation fears eased.

* However, oil prices rose, with Brent crude back at $100.28

a barrel after renewed fighting near the Strait of Hormuz raised

supply concerns, signaling skepticism among some investors.

* The Toronto Stock Exchange's S&P/TSX Composite Index

ended lower on Thursday as investors locked in recent

gains ahead of U.S. and Canadian jobs data, with energy shares

among the biggest decliners.

* The benchmark set for a third straight weekly loss amid

geopolitical tensions and volatility in oil and gold prices.

* Investors are awaiting key U.S. employment data due later

today at 8:30 a.m. ET.

* On the earnings front, sugar and maple producer Rogers

Sugar's ( RSGUF ) second-quarter revenue fell and missed analyst

expectations.

* Oil and gas producer Cardinal Energy's

first-quarter revenue rose on record production.

* Energy utility Emera's ( EMA ) first-quarter adjusted

EPS rose 7% yr/yr, beating analyst expectations.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

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