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.
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