July 9 (Reuters) - Futures tracking Canada's blue-chip
stocks index were mostly flat on Thursday as investors avoided
large bets against the backdrop of escalating tensions in the
Middle East.
September contracts tracking the resources-heavy S&P/TSX
Composite index were flat 0.06% at 6:57 a.m. ET.
* The index logged its biggest daily drop in over a month on
Wednesday as tensions escalated between Iran and the U.S.,
sparking concerns about the economic fallout from the conflict.
* Oil prices were steady after jumping in the previous
session. Brent crude futures traded close to $80 a
barrel, while West Texas Intermediate crude was at $72 a
barrel.
* Gold gained ground on an easing dollar and as traders
flocked to the precious metal, seen as a safe haven during times
of uncertainty. Spot gold and silver were up 0.7%
and 1.4%, respectively.
* Key economic data this week include the Canadian jobs
report, which is expected on Friday and could offer clues into
the Bank of Canada's monetary policy path.
* Traders are pricing in that the central bank will keep
interest rates steady for the rest of the year, LSEG-compiled
data showed. Its next policy decision is scheduled for July 15.
* In company news, precious-metals streamer Triple Flag
reported preliminary second-quarter revenue of $129.2
million, up from a year earlier.
* Aerospace electronics supplier Firan Technology Group ( FTGFF )
slightly beatsecond-quarter revenue estimates, helped
by strong demand and aerospace growth.
* Meta announced Wednesday it will build a data center in
central Alberta, marking the tech giant's first in Canada amid
the global AI boom.
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