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CANADA STOCKS-TSX futures fall as global stock rout deepens amid Middle East conflict

ReutersMar 3, 2026 10:55 AM

- Futures for Canada's main stock index slipped on Tuesday, as a global stocks rout deepened amid a widening conflict in the Middle East, while prices of precious metals fell on a stronger U.S. dollar.

March futures on the S&P/TSX composite index SXFcv1 were down 1.93%, as of 5:36 a.m. ET.

The selloff in global stocks deepened on Monday as the conflict in Middle East spiked energy prices, raising fears of inflation among investors.

U.S. S&P 500 e-mini futures EScv1 were down 1.8%, and Nasdaq 100 E-minis NQcv1 fell 2.3%.

U.S. President Donald Trump on Monday sought to justify a broad, open-ended war on Iran, while indicating a shift in aims and timeline since the war began.

Oil prices extended gains as traders assessed supply risks from threats to shipping via the Strait of Hormuz, which carries around of one-fifth of oil consumed globally. Brent crude futures LCOc1 and U.S. West Texas Intermediate crude CLc1 were up more than 6% each. O/R

Meanwhile, spot gold XAU= fell 0.9% and silver XAG= dropped more than 6%, as a stronger U.S. dollar put pressure on the prices of precious metals, offsetting continued safe-haven demand triggered by the escalating U.S.-Israel war against Iran. GOL/

Canadian Prime Minister Mark Carney reached Australia on Tuesday, as the country seeks to diversify trade relations beyond the U.S. Carney is on a multi-leg trip across the Asia-Pacific region, also taking in Japan and India.

In after-market earnings on Monday, Capstone Copper CS.TO reported quarterly profit below estimates. The copper producer's Australia-listed shares CSC.AX closed 8.1% lower on Tuesday.

Toronto's S&P/TSX composite index .GSPTSE

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TSX market report .TO

Reuters global stocks poll for Canada EQUITYPOLL1, EPOLL/CA

Canadian markets directory CANADA

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