financetom
World
financetom
/
World
/
CANADA STOCKS-TSX futures fall as Middle East concerns grip markets
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CANADA STOCKS-TSX futures fall as Middle East concerns grip markets
Jun 17, 2025 4:20 AM

June 17 (Reuters) - Futures tied to Canada's main stock

index fell on Tuesday as the Iran-Israel conflict entered its

fifth day, with investors fleeing to safe-haven assets on fears

that the tensions could spiral into broader regional unrest.

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

06:49 a.m. ET (1049 GMT).

U.S. President Donald Trump said he wanted a "real end" to

the nuclear problem with Iran after departing early from the

Group of Seven summit in Canada, but clarified that it had

"nothing to do" with working on a ceasefire.

The G7 has struggled to find unity over conflicts in Ukraine

and the Middle East as Trump overtly expressed support for

Russian President Vladimir Putin and has imposed tariffs on many

of the allies present.

Oil prices climbed as analysts said

uncertainty would keep prices elevated, despite no concrete

signs of production losses from the conflict.

Meanwhile, gold prices also edged higher as investors

flocked to traditional safe-haven assets amid heightened

uncertainty.

In a surprise move on Monday, Canadian Prime Minister Mark

Carney said he had agreed with Trump that their two nations

should try to wrap up a new economic and security deal within 30

days.

Toronto's S&P/TSX composite index rose on Monday

and briefly touched an all-time high, as information and

technology shares drove a broader rebound from the previous

session's losses when the Middle East tensions first erupted.

Investors now await Wednesday's Federal Reserve interest

rate decision. Markets widely expect the U.S. central bank to

leave rates unchanged, and will focus on hints about potential

rate cuts in coming months.

In corporate news, women's clothing retailer Groupe

Dynamite ( GRGDF ) beat analysts' estimates for first quarter

profit and revenue.

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

Reuters global stocks poll for Canada

Canadian markets directory

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Morning Bid: China sets rates, trade war fear dissipates?
Morning Bid: China sets rates, trade war fear dissipates?
Feb 19, 2025
(Reuters) - A look at the day ahead in Asian markets.  The People's Bank of China's interest rate decision tops a busy Asia-Pacific economic event calendar on Thursday, with many stock markets around the world at new peaks or hugging recent highs as investors try to make sense of the blitz of headlines surrounding global trade tensions. A trade war...
CANADA STOCKS-Canada's TSX closes down; energy, gold shares help pare losses
CANADA STOCKS-Canada's TSX closes down; energy, gold shares help pare losses
Feb 19, 2025
* Toronto Stock Exchange closes down 23 points or 0.09% * Market fell almost a percentage point in early trade * Energy stocks up 0.87%, mining stocks gain up 0.1% * Barrick Gold ( GOLD ) shares up 2.5% after Mali government deal (New throughout) By Promit Mukherjee and Pranav Kashyap Feb 19 (Reuters) - Canada's main stock index closed...
GLOBAL MARKETS-Global shares fall as traders weigh Trump's tariff threats
GLOBAL MARKETS-Global shares fall as traders weigh Trump's tariff threats
Feb 19, 2025
(Updates prices throughout with U.S. markets close, adds oil and gold settlement) * Trump plans tariffs on autos, pharma, chips * Benchmark S&P 500 notches record closing high * European shares log biggest drop this year * Gold hits all-time high * Crude prices settles near one-week high By Chibuike Oguh and Amanda Cooper NEW YORK/LONDON, Feb 19 (Reuters) -...
MORNING BID ASIA-China sets rates, trade war fear dissipates?
MORNING BID ASIA-China sets rates, trade war fear dissipates?
Feb 19, 2025
Feb 20 (Reuters) - A look at the day ahead in Asian markets. The People's Bank of China's interest rate decision tops a busy Asia-Pacific economic event calendar on Thursday, with many stock markets around the world at new peaks or hugging recent highs as investors try to make sense of the blitz of headlines surrounding global trade tensions. A...
Copyright 2023-2025 - www.financetom.com All Rights Reserved