CANADA STOCKS-TSX futures rebound as focus shifts to G7, US Fed meeting
June 16 (Reuters) - Futures linked to Canada's main stock index recovered from the declines of the previous session on Monday, with investors shifting focus from the Middle-East tensions to this week's G7 summit and U.S. Federal Reserve policy meeting.
June futures on the S&P/TSX index SXFcv1 were up 0.4% at 06:44 a.m. ET (1044 GMT).
The Middle-East escalation coincided with the Group of Seven leaders from Britain, Canada, France, Germany, Italy, Japan and the U.S., along with the European Union, gathering in Canada, where U.S. President Donald Trump's tariffs have already strained ties.
Monday's discussions will center on advancing trade deals, with investors closely watching prospects of Canada moving closer to a trade agreement with the U.S.
The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE pulled back from recent highs on Friday, weighed down by fears of wider conflict after Israeli attacks and Iranian retaliation shook global markets.
Still, the benchmark index posted weekly gains, buoyed by rising commodity prices, lower-than-expected U.S. inflation data and optimism around the U.S.-China trade deal.
This week's Fed monetary policy decision presents the next major challenge for the markets. While the U.S. central bank is widely expected to keep interest rates unchanged on Wednesday, investors will watch for hints about potential rate cuts in coming months.
Oil prices LCOc1, CLc1 eased after surging 7% on Friday, as weekend military strikes between Israel and Iran left production and export facilities unaffected.
Gold prices XAU= also declined, while copper edged higher, supported by better-than-expected Chinese retail sales data.
Company-wise, France-based aerospace firm Safran SAF.PA and Canadian jet-maker Bombardier BBDb.TO announced a defense technology innovation partnership on Monday.
FOR CANADIAN MARKETS NEWS, CLICK ON CODES:
TSX market report .TO
Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA
Canadian markets directory CANADA
Related Articles
After $20B Debt Sale, Google’s Rare 100-Year Bond Sparks Scrutiny: Has AI Drained the Tech Giant’s Coffers?
TradingKey - According to a Financial Times report, Google parent Alphabet (GOOG)(GOOGL) is planning to issue bonds denominated in British pounds and Swiss francs, which may include the first 100-year GBP bond of this century.
Investing in Health Stock: Will GLP-1 Pill Copycat Restrictions Derail Hims & Hers? Is HIMS Still a Good Choice in 2026?
Hims & Hers' subscription-based business model, coupled with tailored treatment regimens, allows users to maintain lasting engagement, a critical aspect of the company’s growth narrative and a reason why some see Hims & Hers stock as a play on long-term digital health as opposed to a traditional pha
What is behind the continuous plunge in Japanese government bonds?
TradingKey - Recently, long-term Japanese government bonds (JGBs) have faced a sustained sell-off, causing prices to plunge and yields to surge to nearly 27-year highs. On January 20, the 10-year JGB yield climbed to 2.330% at one point, marking its highest level since February 1999. On February 9,
Market Cap Erased, Successive Downgrades? Wall Street Is Re-evaluating Microsoft’s AI Future
TradingKey - In early 2026, tech giant Microsoft (MSFT) got off to a less-than-ideal start. Year-to-date, its share price has fallen by more than 12%, and its total market capitalization briefly dipped below the $3 trillion mark. As a former leader in technological innovation, why has Microsoft suddenly appeared to stumble in the current AI wave? What are the underlying issues?
