27.07.202613:16:18UTC+00TSX Futures Rise as Oil Prices Tumble

Futures tracking the S&P/TSX Composite Index moved higher on Monday as oil prices fell following a pause in hostilities between the United States and Iran. Crude retreated after both countries halted strikes over the weekend amid renewed diplomatic efforts, with President Donald Trump reportedly open to resuming peace talks. The slide in oil prices eased energy-driven inflation concerns, pulling Canadian bond yields lower and providing support to financial stocks and the broader equity market. Gold prices strengthened as declining US Treasury yields lifted demand for the metal, underpinning gains in mining shares. Elsewhere, Celestica and Gibson Energy are scheduled to report quarterly results after the market close.