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CANADA STOCKS-TSX futures fall as Middle East concerns grip markets
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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

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